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Is this a good deal in Hamilton?

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  • Is this a good deal in Hamilton?

    Hi there,

    I am eyeing this really nice property in Hamilton. It's in a very good neighbourhood, less than 2 minutes to an excellent mall, zoned for a decile 10 school and a lovely neighbourhood. The property will only give me a profit of $5000 per year AFTER paying bank interest rates, council rates, property management and insurance fees. Is that a good deal? Should I go ahead and get it? I have the funds to purchase it as an investment.

    Thanks.
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