$63K
$10,872
"If youre looking for a project with potential, this is the one for you This brick home may need some TLC, but its brimming with possibilities. Nestled on nearly an acre of land, surrounded by beautiful trees, this property offers the perfect canvas to create your dream home. The location is a dream for nature lovers, with the back boundary bordering the Commission Channel a fantastic spot for fishing enthusiasts With town water connected, septic sewer, and power available, all the essentials are in place. All thats missing is your vision to bring this charming fixerupper to life. Dont miss this opportunity to turn a blank slate into something truly special. Embrace the challenge and make this home your own"
Below are some similar properties in the area you may be interested in.
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73.7%
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-
-
+
16.0%
8.4%
10.3%
6.0%
Asking Price
$63,000
Estimated Purchase Price
$65,000
Stamp Duty
$1,010
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$6,500
Reg. Mortgage
$164
LMI Premium
$1,003
Renovation Costs
-
Total Cash/Equity Required
$10,873
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$10,400
$14,802
Property Management
+7.7% PA
$801
$1,140
Rates
+3.0% PA
$753
$982
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
$5,469
$8,274
Interest Repayments
$3,861
$3,861
Net Cashflow Before Tax
$1,608
$4,413
Depreciation
-
-
Tax Offset
$482
$1,324
Net Cashflow After Tax
$1,126
$3,089
Assumptions
Year 1
Year 10
Property Value
6.8%
$69,420
$125,495
Loan Balance
I.O
$58,500
$58,500
$10,920
$66,995
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
Agriculture, Forestry and Fishing - 24.0%
Accommodation and Food Services - 19.0%
Retail Trade - 7.0%
Manufacturing - 7.0%
Others - 43.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply