CASHFLOW HACKING IN ACTION
REAL CLIENT CASE STUDIES
Definitions
Net Equity Gain = Post Renovation Valuation - Purchase Price - Renovation
Gross Yield = New Rent / (Purchase Price + Renovation)
Manawatu
| Purchase Price | $805,000 | 
| Post Renovation Valuation | $2,100,000 | 
| Net Equity Gain | $851,000 | 
| Original Annual Rent | $93,600 | 
| Post Cashflow Hacked Rent | $197,600 (+111%) | 
| Gross Yield | 15.3%+ | 
Off Market deal. 10 x 1 Bedroom Units. Cosmetic renovation which over doubled the rental income by providing a type of property to the market that didn’t exist in this area.
Pre renovation rents would have been cashflow positive, however it was the renovation that created substantial equity gains which formed a deposit to enable another multi unit purchase.
Whangarei
| Purchase Price | $536,000 | 
| Post Renovation Valuation | $750,000 | 
| Net Equity Gain | $154,000 | 
| Original Annual Rent | $36,400 | 
| Post Cashflow Hacked Rent | $59,800 (+64%) | 
| Gross Yield | 10%+ | 
Local buyers who were able to successfully contain their renovation spend by making this a family affair, saving precious dollars while also adding two additional bedrooms to achieve huge passive cashflow from day one.
Wellington Region
| Purchase Price | $2,400,000 | 
| Renovation Cost | $327,360 | 
| Post Renovation Valuation | $4,140,000 | 
| Net Equity Gain | $1,412,640 | 
| Original Annual Rent | $137,280 | 
| Post Cashflow Hacked Rent | $293,904 (+139%) | 
| Gross Yield | 10.7%+ | 
Off Market deal where clients made over $1 million in net equity. They used this equity gain to buy two more blocks of units with Boardroom.
They went from 0 rentals to 38 rentals in under 12 months.
12 x 1 Bedroom Units. Cosmetic renovation allowing a rental increase.
Wellington Region
| Purchase Price | $750,000 | 
| Renovation Cost | $80,000 | 
| Original Annual Rent | $41,600 | 
| Post Cashflow Hacked Rent | $72,800 (+75%) | 
| Gross Yield | 8.8%+ | 
Converted this duplex from 2 x 3 bedrooms to 2 x 4 bedrooms with cost effective renovation that only took 3 weeks!
This client bought 3 rentals in 12 months with Wolfe Property, all while living overseas.
See their full case study here
Gisborne
| Purchase Price | $540,000 | 
| Original Annual Rent | $33,280 | 
| Post Cashflow Hacked Rent | $82,680 (+148%) | 
| Gross Yield | 11.8%+ | 
Off market, hands-free deal. This client is currently on their second hands free Boardroom project by leveraging the results from this one.
Whangarei
| Purchase Price | $386,880 | 
| Original Annual Rent | $23,400 | 
| Post Cashflow Hacked Rent | $35,880 (+53%) | 
| Gross Yield | 8.7%+ | 
Waitoa
| Purchase Price | $1,140,000 | 
| Post Renovation Valuation | $1,850,000 | 
| Net Equity Gain | $559,850 | 
| Original Annual Rent | $78,000 | 
| Post Cashflow Hacked Rent | $148,200 (+90%) | 
| Gross Yield | 11.5%+ | 
Dunedin
| Purchase Price | $370,000 | 
| Renovation Cost | $107,000 | 
| Post Cashflow Hacked Rent | $84,052 | 
| Gross Yield | 8.7%+ | 
Rented mid-reno using our power team’s proven finish. Positively geared, student-market property cash-flowing through to 2026, outperforming new-build returns from day one.
Hastings
| Purchase Price | $1,370,000 | 
| Post Renovation Valuation | $1,500,000 | 
| Net Equity Gain | $230,000 | 
| Original Annual Rent | $122,700 | 
| Post Cashflow Hacked Rent | $148,440 (+20.98%) | 
| Gross Yield | 10.7%+ | 
Off market deal - Block of 5 units that were bought under market value. Immediate rental lift to achieve 10% gross yield with potential to do renovate and modernise in future.
Christchurch
| Purchase Price | $425,000 | 
| Post Renovation Valuation | $670,000 | 
| Net Equity Gain | $185,000 | 
| Original Annual Rent | $23,400 | 
| Post Cashflow Hacked Rent | $41,600 (+78%) | 
| Gross Yield | 8.6%+ | 
Upper Hutt
| Purchase Price | $1,100,000 | 
| Renovation Cost | $230,000 | 
| Post Renovation Valuation | $1,800,000 | 
| Net Equity Gain | $470,000 | 
| Original Annual Rent | $65,000 | 
| Post Cashflow Hacked Rent | $140,400 (+116%) | 
| Gross Yield | 10.6%+ | 
New Plymouth
| Purchase Price | $1,350,000 | 
| Post Renovation Valuation | $2,165,000 | 
| Net Equity Gain | $507,890 | 
| Original Annual Rent | $87,000 | 
| Post Cashflow Hacked Rent | $174,000 (doubled) | 
| Gross Yield | 10.5%+ | 
Off-market transformation: from illegal conversion to six compliant, refreshed 2-bedroom units
Whangarei
| Purchase Price | $385,000 | 
| Original Annual Rent | $28,600 | 
| Post Cashflow Hacked Rent | $33,800 | 
| Gross Yield | 8.5%+ | 
Wellington Region
| Purchase Price | $1,510,000 | 
| Original Annual Rent | $132,400 | 
| Post Cashflow Hacked Rent | $175,760 (+33%) | 
| Gross Yield | 10.2%+ | 
Block of 8 units. Minimal renovation spend per unit to maximise rental returns.
Whangarei
| Purchase Price | $325,000 | 
| Original Annual Rent | $22,880 | 
| Post Cashflow Hacked Rent | $36,400 (+59%) | 
| Gross Yield | 8.2%+ | 
New Plymouth
| Purchase Price | $1,950,000 | 
| Post Renovation Valuation | $3,850,000 | 
| Net Equity Gain | $1,050,000 | 
| Original Annual Rent | $120,000 | 
| Post Cashflow Hacked Rent | $256,000 (+108%) | 
| Gross Yield | 11%+ | 
Block of 10 units, renovated to increase rent and value. Converted unused area in to an 11th unit
Whangarei
| Purchase Price | $353,000 | 
| Post Renovation Valuation | $500,000 | 
| Net Equity Gain | $69,000 | 
| Original Annual Rent | $26,200 | 
| Post Cashflow Hacked Rent | $34,800 (+33%) | 
| Gross Yield | 8.1%+ | 
Converted from 2 bedroom / 1 bathroom —> to 4 bedroom / 2 bathroom with a cabin.
New Plymouth
| Purchase Price | $700,000 | 
| Post Renovation Valuation | $1,300,000 | 
| Net Equity Gain | $430,000 | 
| Original Annual Rent | $39,000 | 
| Post Cashflow Hacked Rent | $85,800 (+120%) | 
| Gross Yield | 10%+ | 
Off Market Deal. 3 x Cross lease titles gave client option to use split bank strategy. The equity uplift meant they were able to recycle all their cash out to buy again.
Christchurch
| Purchase Price | $420,000 | 
| Post Renovation Valuation | $650,000 | 
| Net Equity Gain | $175,000 | 
| Original Annual Rent | $20,800 | 
| Post Cashflow Hacked Rent | $38,000 (+83%) | 
| Gross Yield | 8%+ | 
Dunedin
| Purchase Price | $925,000 | 
| Post Renovation Valuation | $1,610,000 | 
| Net Equity Gain | $449,000 | 
| Original Annual Rent | $29,120 | 
| Post Cashflow Hacked Rent | $113,360 (+290%) | 
| Gross Yield | 10% | 
New Plymouth
| Purchase Price | $395,000 | 
| Original Annual Rent | $26,000 | 
| Post Cashflow Hacked Rent | $40,040 (+54%) | 
| Gross Yield | 8%+ | 
New Plymouth
| Purchase Price | $1,107,000 | 
| Original Annual Rent | $104,000 | 
| Post Cashflow Hacked Rent | $122,720 | 
| Gross Yield | 10% | 
Whangarei
| Purchase Price | $375,000 | 
| Original Annual Rent | $23,400 | 
| Post Cashflow Hacked Rent | $34,840 (+49%) | 
| Gross Yield | 8%+ | 
New Plymouth
| Purchase Price | $891,000 | 
| Post Renovation Valuation | $1,280,000 | 
| Net Equity Gain | $118,000 | 
| Original Annual Rent | $52,000 | 
| Post Cashflow Hacked Rent | $110,240 (+112%) | 
| Gross Yield | 10%+ | 
New Plymouth
| Purchase Price | $420,000 | 
| Post Renovation Valuation | $640,000 | 
| Net Equity Gain | $140,000 | 
| Original Annual Rent | $26,000 | 
| Post Cashflow Hacked Rent | $41,080 (+58%) | 
| Gross Yield | 8%+ | 
Converted from 3 bedroom / 1.5 bathroom —> to 4 bedroom / 2 bathroom. Along with cosmetic renovation, modernising kitchen and bathrooms.
Located across the road from top primary school and on great transport links centrally located. This is traditionally a high capital growth location, now with immediate cashflow too.
Net equity gain from this immediately provided the full deposit for a duplex purchase after.
Dunedin
| Purchase Price | $1,050,000 | 
| Original Annual Rent | $49,400 | 
| Post Cashflow Hacked Rent | $91,000 (+84%) | 
| Gross Yield | 8%+ | 
Cashflow hacked: transformed a 6-bed home into a 10-bed high-performance investment. This was the second rental this client bought with Wolfe Property. Client almost achieved 8% gross return as a result, in what is a top tier capital growth location.
New Plymouth
| Purchase Price | $950,000 | 
| Post Renovation Valuation | $1,720,000 | 
| Net Equity Gain | $370,000 | 
| Original Annual Rent | $56,160 | 
| Post Cashflow Hacked Rent | $124,800 (+122%) | 
| Gross Yield | 10%+ | 
4 incomes purchased by two generations of family to fast track their legacy. The 2,000m2 corner site also came with architectural drawings from the vendor to implement in future.
Palmerston North
| Purchase Price | $569,000 | 
| Original Annual Rent | $28,600 | 
| Post Cashflow Hacked Rent | $54,600 (+91%) | 
| Gross Yield | 8.7%+ | 
From one renovation to a double-income duplex - Clients now scaling to five rentals across three properties.
Whangarei
| Purchase Price | $380,000 | 
| Original Annual Rent | $22,880 | 
| Post Cashflow Hacked Rent | $34,320 (+50%) | 
| Gross Yield | 8%+ | 
Fast-tracked cashflow: client doubled momentum by running two renovations at once - one local, one remote, leveraging smart resourcing to accelerate results.
New Plymouth
| Purchase Price | $750,000 | 
| Post Renovation Valuation | $1,400,000 | 
| Net Equity Gain | $490,000 | 
This was a hands-free project that was sourced off market. Client is an industry expert who wanted immediate cashflow to offset their negative geared Auckland investment portfolio.
Wellington
| Purchase Price | $1,125,000 | 
| Post Renovation Valuation | $1,725,000 | 
| Net Equity Gain | $350,000 | 
| Original Annual Rent | $52,000 | 
| Post Cashflow Hacked Rent | $112,320 (+116%) | 
| Gross Yield | 8.2%+ | 
New Plymouth
| Purchase Price | $415,000 | 
| Post Renovation Valuation | $670,000 | 
| Net Equity Gain | $190,000 | 
| Original Annual Rent | $23,400 | 
| Post Cashflow Hacked Rent | $35,880 (+53%) | 
| Gross Yield | 8%+ | 
Bought below market value to achieve significant equity gain through adding value in a way that met the rental market demand in an otherwise flat market.
Whangarei
| Purchase Price | $411,000 | 
| Post Renovation Valuation | $590,000 | 
| Net Equity Gain | $109,000 | 
| Original Annual Rent | $18,200 | 
| Post Cashflow Hacked Rent | $36,140 (+99%) | 
| Gross Yield | 8%+ | 
Converted from 2 bedroom / 1 bathroom —> to 5 bedroom / 1.5 bathroom with a cabin.
Hastings
| Purchase Price | $625,000 | 
| Original Annual Rent | $31,200 | 
| Post Cashflow Hacked Rent | $53,040 (+70%) | 
| Gross Yield | 8%+ | 
Duplex secured with a winning move - a bold cash unconditional offer that beat the deadline sale competition.
New Plymouth
| Purchase Price | $409,000 | 
| Post Renovation Valuation | $650,000 | 
| Net Equity Gain | $121,000 | 
New Plymouth
| Purchase Price | $530,000 | 
| Original Annual Rent | $22,880 | 
| Post Cashflow Hacked Rent | $45,240 (+98%) | 
| Gross Yield | 7.1%+ | 
Duplex Unicorn with Added Bedroom - Rented in Just 7 Days Post-Reno, While the Market Average is 6 Weeks! Achieved Through Close Collaboration with the Property Manager from Day One on Renovation Scope