Bricks and Mortar continue to provide many benefits long into the future. This property is very much in the category of a smart thinking investment. Entry level into the Maungaraki market is now approaching $500000 for 3 bedroom homes, so 2 bedroom units are becoming hot property and demand is strong. Current tenants signed up till end of financial year 3/17 and would like to stay longer. Annual rental around $17420 pa. Given deductability of any loss against your income it still makes sense to invest in houses. Borrow 60% of $34000 = $204000 borrowed at 4.4% Interest only 1st 3 years around $9000pa and rates are $2095, Insurance around $1000 comes to about $12000 Balance can cover deposit repayment or P & I loan. Call today to know more GV $260000 Land 1/2 612m2 House 110m2 (incl garage)