Brendon Shares His Property Journey & His Most Recent 7.5% Gross Minor Dwelling Play

After the construction of the third dwelling, Brendon expects $1460 all up in rent. Conservatively, he expects the new build to bring in between $520-$550 per week, the larger 3 bed home to be rented out at $500+ and the smaller dwelling at about $440.  

Using the lower figures, he calculates a gross yield of 7.52% which after all expenses, provides him with a cash flow intake of $215 per week.

As it stands, improvement calculations are based on the minor dwelling, however these figures might change as all options are still on the table. This includes relocating the dwellings, downsizing etc. $25k for renovations will be spent on getting everything up to the healthy homes standard, however, the homes are relatively neat and tidy as it is.

Brendon has spent a lot of time tinkering with his calculations to create the most accurate guesstimate possible for the location and possible costs. His figures are conservative and he has allowed room in his budget for expenses such as resealing the driveway, which might not need to be done and resource consent complications.