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$785K
$131,134
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Try Picki for FREEConfidence
High
High
$850,000
Medium
$785,000
Low
$720,000
Confidence
Medium
This charming 3-bedroom cottage sits in the serene seaside village of Mylestom, an idyllic location only 150 meters from the Bellinger River. Built over 30 years ago, the north-facing home features tile flooring, air conditioning, an open-plan living area, and a functional bathroom. The enchanting garden, coupled with a covered rear entertaining area, offers an ideal spot for relaxation. Potential buyers can consider it as a low-maintenance vacation home or a permanent residence with possibilities to renovate. Its proximity to the North Beach Recreational Club, quaint dining options, and scenic riverside walks add to its allure. Motivated seller highlights the demand and limited supply of properties in the area.
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67.6%
$895K
191%
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-$20,704
3.0%
Asking Price
$785,000
Estimated Purchase Price
$785,000
Stamp Duty
$30,060
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$78,500
Reg. Mortgage
$164
LMI Premium
$20,214
Renovation Costs
-
Total Cash/Equity Required
$131,134
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,169
$1,525
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
$17,052
$24,809
Interest Repayments
$46,629
$46,629
Net Cashflow Before Tax
-$29,577
-$21,820
Depreciation
-
-
Tax Offset
-$8,873
-$6,546
Net Cashflow After Tax
-$20,704
-$15,274
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$838,380
$1,515,592
Loan Balance
I.O
$706,500
$706,500
$131,880
$809,092
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Accommodation and Food Services - 10.0%
Retail Trade - 10.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 56.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
