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$990K
$183,213
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,250,000
Medium
$1,150,000
Low
$1,050,000
Confidence
Medium
This charming 5-bedroom, 2.5-bathroom solid brick home offers generous living spaces in the serene seaside village of Red Rock. Located just 200 meters from the river and 350 meters from the beach, this property is ideal for families seeking a relaxed coastal lifestyle. With original condition, the home presents opportunities for renovation. It features multiple living areas and a versatile drive-through garage leading to a double garage in the backyard. A short drive to Corindi and Woolgoolga ensures essential amenities aren't far, making it perfect for a family home or holiday retreat.
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68.9%
$1.03M
3.6%
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Try Picki for FREE-$125,000
-$36,100
2.5%
Asking Price
$1,185,000
Estimated Purchase Price
$1,275,000
Stamp Duty
$53,180
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$127,500
Reg. Mortgage
$164
LMI Premium
$36,029
Renovation Costs
-
Total Cash/Equity Required
$219,069
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,257
$1,640
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
$24,164
$34,942
Interest Repayments
$75,735
$75,735
Net Cashflow Before Tax
-$51,571
-$40,793
Depreciation
-
-
Tax Offset
-$15,471
-$12,238
Net Cashflow After Tax
-$36,100
-$28,555
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$1,147,500
$1,147,500
$80,700
$1,072,793
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
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
