How to read the numbers
- Net equity gain
- New valuation−Purchase−Reno cost
- Gross yield %
- Weekly rent × 52Purchase + Reno cost
- Rent lift %
- Rent after − Rent beforeRent before
Boardroom
Manawatū · 10 units
- Off-market $805,000
- Post-reno RV $2,100,000
- Rent lift +111%
- Gross yield 15.3%+
$851,000 equity gain
Off-market deal. Cosmetic renovation more than doubled the rental income by offering a type of property that didn't exist in this area. The equity formed the deposit for another multi-unit purchase.
Boardroom
Wellington Region · 12 units
- Off-market $2,400,000
- Renovation $327,360
- Post-reno RV $4,140,000
- Rent lift +114%
- Gross yield 10.7%
$1,412,640 equity gain
James and Mike from Lighthouse Financial - over $1 million in net equity from one deal, recycled into two more blocks of units. They went from 0 to 38 rentals in under 12 months.
Click here to see the full case study →
Boardroom
New Plymouth · 10→11 units
- Bought $1,950,000
- Post-reno RV $3,650,000
- Rent lift +108%
- Gross yield 11%+
$1,250,000 equity gain
Renovated to lift rent and value across the block - and converted an unused area into an eleventh unit.
Boardroom
Waitoa · multi-unit
- Bought $1,140,000
- Post-reno RV $1,850,000
- Rent lift +90%
- Gross yield 11.5%+
$559,900 equity gain
Regional multi-unit with rent lifted 90% - the kind of deal that only shows up when you follow the numbers, not your postcode.
Boardroom
Upper Hutt · multi-unit
- Bought $1,100,000
- Renovation $230,000
- Post-reno RV $1,800,000
- Rent lift +116%
- Gross yield 10.6%
$470,000 equity gain
A $230k renovation across the block more than doubled the rental income.
Boardroom
Dunedin · 4 units → 11 bedrooms
- Layout 4 × 2-bed cross-lease → 11/4
- Bought $925,000
- Renovation $236,000
- Post-reno RV $1,610,000
- Rent $560 → $2,180/wk
- Rent lift +289%
- Gross yield 9.8%
$449,000 equity gain
The biggest rental lift on this page - four cross-leased 2-bed units reconfigured into an 11-bedroom, 4-bathroom block.
Boardroom
Gisborne · hands-free
- Off-market $540,000
- Rent lift +148%
- Gross yield 11.8%+
Hands-free, end to end
Off-market, fully hands-free. This client is already on their second hands-free Boardroom project, leveraging the results from this one.
Accelerate
Whangārei
- Bought $536,000
- Post-reno RV $750,000
- Rent lift +64%
- Gross yield 10%+
$154,000 equity gain
Local buyers who kept the renovation spend contained by making it a family affair - while adding two bedrooms for huge passive cashflow from day one.
Accelerate
Christchurch
- Layout 2/1 → 6/2 (+ 2-bed cabin)
- Bought $425,000
- Renovation $60,000
- Post-reno RV $670,000
- Rent $450 → $800/wk
- Rent lift +78%
- Gross yield 8.6%
$185,000 equity gain
A 2-bedroom turned into 6 bedrooms plus a 2-bed cabin, in a top-tier capital growth city. Annual rent from $23,400 to $41,600.
Accelerate
Whangārei
- Layout 2/1 → 5/1.5 (+ cabin)
- Bought $411,000
- Post-reno RV $590,000
- Rent lift +99%
- Gross yield 8%+
$109,000 equity gain
Converted from 2 bed / 1 bath to 5 bed / 1.5 bath with a cabin - rent nearly doubled.
Accelerate
New Plymouth
- Layout 3/1.5 → 4/2
- Bought $420,000
- Post-reno RV $640,000
- Rent lift +58%
- Gross yield 8%+
$140,000 equity gain
3 bed / 1.5 bath became 4 bed / 2 bath, across the road from a top primary school. The equity gain funded the full deposit for a duplex purchase next.
Accelerate
Wellington Region · duplex
- Layout 2 × 3-bed → 2 × 4-bed
- Bought $750,000
- Renovation $80,000
- Post-reno RV $985,000
- Rent lift +75%
- Gross yield 8.8%+
3 rentals in 12 months
Converted from 2 × 3-bed to 2 × 4-bed in a renovation that took just three weeks. This client bought three rentals in twelve months - all while living overseas.
6 units · off-marketIllegal conversion unwound
Boardroom
New Plymouth · 6 units
- Layout 4 × 2-bed + 2 × 1-bed → 6 × 2-bed
- Off-market $1,350,000
- Renovation $307,110
- Post-reno RV $2,165,000
- Rent $1,680 → $3,346/wk
- Rent lift +99%
- Gross yield 10.5%
$507,890 equity gain
Bought off-market with an illegal conversion to unwind. Reinstated as six 2-bedroom units on a cosmetic budget - rent nearly doubled. One of the strongest results in the library.
4 × 3-bed blockCosmetic renovation, 9.8% yield
Boardroom
Hastings · 4 units
- Layout 4 × 3-bed, cosmetic
- Bought $1,107,000
- Renovation $144,230
- Rent $2,000 → $2,360/wk
- Rent lift +18%
- Gross yield 9.8%
$2,000 → $2,360 a week
Four 3-bedroom units brought up to standard on a cosmetic budget - a steady multi-income block at a 9.8% gross yield.
8 units for $175k renoCosmetic, on residential rates
Boardroom
Wellington · 8 units
- Layout 4 × 1-bed + 4 studios
- Bought $1,510,000
- Renovation $175,000
- Rent now $3,600/wk
$3,600 a week
A super cost-effective cosmetic renovation across all eight units, on residential lending rates. Now renting at $3,600 a week across the block.
10 → 11 unitsAuckland multi-unit
Boardroom
Auckland · 10→11 units
- Layout 10 units → 11 units
- Bought $2,300,000
- Renovation $400,000
- Rent now $4,808/wk
$4,808 a week
A ten-unit Auckland block renovated across the board and reconfigured to add an eleventh income. Now renting at $4,808 a week.
The $10,000 renovationEvery dollar on what lifts rent
Accelerate
Whangārei
- Layout 3/1 → 4/1
- Bought $385,000
- Renovation $10,000
- Rent $550 → $650/wk
- Rent lift +18%
- Gross yield 8.5%
$550 → $650 a week
A 3-bed to 4-bed for just $10,000 of renovation - the "only spend on what lifts rent" principle in its purest form.
+$240 a week for $25k8.7% gross yield
Accelerate
Whangārei
- Layout 3/1 → 4/1
- Bought $386,880
- Renovation $25,000
- Post-reno RV $480,000
- Rent $450 → $690/wk
- Rent lift +53%
- Gross yield 8.7%
$68,120 equity gain
A fourth bedroom for $25,000 took the rent from $450 to $690 a week - the highest yield of the Whangārei single-dwelling deals.
$440 → $700 a weekCosmetic renovation
Accelerate
Whangārei
- Layout 4/1, cosmetic
- Bought $325,000
- Renovation $117,000
- Rent $440 → $700/wk
- Rent lift +59%
- Gross yield 8.2%
$440 → $700 a week
No extra bedrooms - a full cosmetic renovation lifted the rent 59% on a $325,000 purchase.
+49% rentFourth bedroom added
Accelerate
Whangārei
- Layout 3/1 → 4/1
- Bought $375,000
- Renovation $60,000
- Post-reno RV $510,000
- Rent $450 → $670/wk
- Rent lift +49%
- Gross yield 8.0%
$75,000 equity gain
A fourth bedroom for $60,000 lifted the rent from $450 to $670 a week.
No new bedrooms, $170k equityCosmetic renovation
Accelerate
New Plymouth
- Layout 3/1, cosmetic
- Bought $420,000
- Renovation $80,000
- Post-reno RV $670,000
- Rent $450 → $770/wk
- Rent lift +71%
- Gross yield 8.0%
$170,000 equity gain
Same bedroom count, better home - an $80,000 cosmetic renovation lifted the rent 71% and the valuation to $670,000.
3 → 7 bedrooms10.3% gross yield
Accelerate
Dunedin
- Layout 3/1 + minor 1/1 → 7/1 + minor
- Bought $681,000
- Renovation $230,000
- Gross yield 10.3%
A 3-bedroom with a minor dwelling reconfigured to 7 bedrooms plus the minor - the highest-yielding single-title deal in the library.
Photos are of the actual properties. No client names or addresses are published.