$800K
$150,770
"Offering an opportunity to step into the market, invest, downsize, or rebuild. This original threebedroom cottage is well set back from the kerb and positioned on a level block of approx. 734m2 complete with a low maintenance garden, plus a garage conversion to a studio, with the potential to rent and maybe assist with a mortgage, or just extra room for an artist or hobbyist. Location is close to Moss Vales town centre, walk or take advantage of the public transport readily available near the school just around the corner. Moss Vale town centre has an array of specialty shops, cafes, beautiful parks including a dog park next to the picturesque Moss Vale Golf Club, three supermarkets, pharmacies, medical Centres, two high schools and Moss Vale primary public school. Home features include Original polished pine floors throughout the home Large windows All gas Kitchen with a flued rangehood Open plan dining and kitchen Lounge is at the entrance featuring a slow combustion wood fire, extra heating is also available in the way of a gas heater. Master bedroom has a builtin robe. The other two bedrooms are at the rear of the home divided by the main bathroom with shower, bath vanity. Outdoor timber decked entertaining area, overlooks the fenced private back yard and studio. Ample offstreet parking and a carport DOWNSIZING, INVESTORS, REBUILD, FIRST HOME BUYERS ALL INSPECTIONS WELCOME BY APPOINTMENT ONLY"
-
63.5%
$776K
3.6%
$25,000
-$22,388
3.4%
2.6%
-14.0%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$955,000
Stamp Duty
$37,710
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$95,500
Reg. Mortgage
$164
LMI Premium
$24,592
Renovation Costs
-
Total Cash/Equity Required
$160,161
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,240
$45,888
Property Management
+7.7% PA
$2,482
$3,533
Rates
+3.0% PA
$1,637
$2,136
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$24,744
$35,812
Interest Repayments
$56,727
$56,727
Net Cashflow Before Tax
-$31,983
-$20,915
Depreciation
-
-
Tax Offset
-$9,595
-$6,274
Net Cashflow After Tax
-$22,388
-$14,640
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,046,640
$1,892,076
Loan Balance
I.O
$859,500
$859,500
$187,140
$1,032,576
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Retail Trade - 12.0%
Accommodation and Food Services - 11.0%
Education and Training - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price