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$790K
$131,988
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$970,000
Medium
$850,000
Low
$730,000
Confidence
Medium
Discover a charming rural retreat at 587 Sherwood Creek Road, Upper Corindi. This move-in-ready property features an original yet solidly built home that offers a flexible floor plan for 2 or 3 bedrooms. Spanning 2.041 hectares, it includes two dams and a 6m x 12m shed, perfect for hobby farming and outdoor pursuits. The property's ample storage options and proximity to Woolgoolga and Corindi Beach blend country charm with convenience, ideal for a permanent residence or weekend escape.
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74.2%
$1.27M
2.7%
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Try Picki for FREE$60,000
-$20,973
3.0%
Asking Price
$790,000
Estimated Purchase Price
$790,000
Stamp Duty
$30,285
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$79,000
Reg. Mortgage
$164
LMI Premium
$20,343
Renovation Costs
-
Total Cash/Equity Required
$131,988
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
$1,257
$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
$16,964
$24,695
Interest Repayments
$46,926
$46,926
Net Cashflow Before Tax
-$29,962
-$22,231
Depreciation
-
-
Tax Offset
-$8,989
-$6,669
Net Cashflow After Tax
-$20,973
-$15,562
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$711,000
$711,000
$196,800
$930,086
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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...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
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
