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$950K
$152,478
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Try Picki for FREEConfidence
High
High
$960,000
Medium
$920,000
Low
$880,000
Confidence
Medium
What an investment opportunity—two homes on one block in the desirable Sandy Beach suburb of Coffs Harbour. With a strong rental return of $1,125 per week, this dual-residence property offers substantial income potential. Positioned on a 574.4m² block, the package includes four bedrooms, two bathrooms, an extra toilet, and two car spaces via a double carport. Home 1 features two bedrooms, a renovated kitchen and bathroom, and outdoor decks. Home 2 is modern with similar accommodations. Sandy Beach's location boasts close proximity to the beach and amenities, making it perfect for both investors and future residents.
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68.6%
$690K
4.4%
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-$16,300
4.2%
Asking Price
$950,000
Estimated Purchase Price
$920,000
Stamp Duty
$36,135
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$92,000
Reg. Mortgage
$164
LMI Premium
$23,690
Renovation Costs
-
Total Cash/Equity Required
$154,185
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$31,363
$45,189
Interest Repayments
$54,648
$54,648
Net Cashflow Before Tax
-$23,285
-$9,459
Depreciation
-
-
Tax Offset
-$6,986
-$2,838
Net Cashflow After Tax
-$16,300
-$6,622
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$828,000
$828,000
$154,560
$948,235
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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 - 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
