$450K
$80,401
"Nestled in the village of Smithtown, this threebedroom, onebathroom property is perfect for your first home, as an investment or for anyone seeking a relaxed lifestyle next to the river. This is a fantastic opportunity for those with a keen eye for potential. Located on a quiet street, just a stones throw from some of the best fishing and boating spots in the area. With solid bones and endless potential, this home is ready for a creative touch. Plenty of room for outdoor entertaining or gardening with this 547 sqm block. Whether youre looking for a renovation project or a getaway close to the water, this property could be your perfect fit. This contract is subject to a conditional upon the vendors obtaining a grant of probate. If you would like to arrange an inspection or to find out any further information please call Jarrad Smith on 0422 795 991."
-
77.4%
-
-
-$75,000
-$11,407
3.9%
2.7%
-14.2%
6.0%
Asking Price
$450,000
Estimated Purchase Price
$505,000
Stamp Duty
$17,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$50,500
Reg. Mortgage
$164
LMI Premium
$10,082
Renovation Costs
-
Total Cash/Equity Required
$80,401
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,701
$20,039
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$16,296
-$9,958
Depreciation
-
-
Tax Offset
-$4,889
-$2,987
Net Cashflow After Tax
-$11,407
-$6,970
Assumptions
Year 1
Year 10
Property Value
6.8%
$459,240
$830,197
Loan Balance
I.O
$454,500
$454,500
$4,740
$375,697
Did you know you need to engage a conveyancer when buying a property?
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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