$399K
$71,328
"Looking to step into the world of property investment Or maybe expand your portfolio This 3 bedroom home sits on 643sqm, is located within walking distance to essential amenities, and would be too perfect not to snatch up The home is zoned R1 General Residential and stands to benefit from upandcoming infrastructure that has been councilapproved to go ahead with building a new Supermarket, Shops, and doctor surgery just a short stroll down the road. This home currently has tenants in place and has been a good investment for its owners. In the current market, this home achieves 380 rent per week. Features include 3 bedrooms 2 large, 1 on the smaller side 1 bathroom plus extra toilet 1 carport Polished timber flooring throughout Ceiling fans Air conditioning throughout Fireplace Fully fenced Approx. 3km to Kempsey Town Centre Approx. 45km to Port Macquarie Tenants currently in place paying 380 per week Located so close to both High schools and Primary Schools, shops, cafes, parks, and loads of other essential amenities, make this home the perfect choice for anyone needing easy access to essential amenities or anyone looking to expand their investment portfolio. Call Carlos today on 0427 256 570 for further information and to arrange a viewing. DISCLAIMER All information contained herein is gathered from sources we believe to be reliable we cannot however guarantee its accuracy and interested parties should make and rely on their own inquiries."
Below are some similar properties in the area you may be interested in.
6.2%
59.3%
$323K
6.8%
-$30,000
-$8,448
4.6%
3.3%
-11.8%
6.0%
Asking Price
$399,000
Estimated Purchase Price
$450,000
Stamp Duty
$14,985
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$45,000
Reg. Mortgage
$164
LMI Premium
$8,984
Renovation Costs
-
Total Cash/Equity Required
$71,328
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,160
$1,514
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
$14,661
$21,406
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$12,069
-$5,324
Depreciation
-
-
Tax Offset
-$3,621
-$1,597
Net Cashflow After Tax
-$8,448
-$3,727
Assumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$405,000
$405,000
$43,560
$405,890
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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 - 17.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 52.0%
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