Do the sums...this investment stacks up and looks after itself. The sitting tenant is paying $190/ week and is happy to stay on. Whakatane is a sunny and popular beachside community and securing a property under $100,000 is pretty much impossible right throughout the North Island. A basic 2 bedroom property situated adjoining the lagoon which is rather pretty. There is room to improve the property a bit. Currently managed by our rental team and they are only too happy to talk to you about this rental and its history. Such returns are very hard to come by, so make no mistake, it will sell.