1 in 3 Under the Pump !, page-91

Yes the property does pay for itself 100% - no real capital increase in the time I have owned it but I have never bought for capital appreciation. It is located in the outer suburbs of Adelaide. I have owned it for just over 10 years now and haven't done much to it since renovating it after I purchased it so I slapped on a 5kW solar system and some security screens - 2 years of the higher rent will more than pay for these improvements. The overall rent return before costs is easily 10%. I invest in some of the cheapest properties in the country and largely rent to the unemployed and they are very affordable for those with a job.