8.5 % Gross Rental Return!! Body Corp $2100 Rates $2500 Rental Income $12,000 per year @230/week They don't come better than this one. You have a great tenant in place already and has been in the for 5 years and is well worth holding onto. The location is just perfect and just a stones throw to Edge Hill’s fine restaurants, cafes, Botanical Gardens and walking tracks. The property would make an excellent first investment or fantastic long term or Air B and B rental investment !! With a current rental crisis in Cairns , vacancy rates at a all time low, location is not any issue as the apartment in the best suburb in Cairns, your decision should be an easy one.