$295K
$45,734
"Located in the Macleay Valley Shire, just 50 minutes from Kempsey CBD is this beautiful property on 42 acres This Property does NOT have a building Entitlement Are you looking for a getaway from the busy lifestyle Or maybe looking to create a hobby farm There are endless opportunities available including camping, fishing, and motorbike riding.. this property has it all. The stunning creek is a real eyecatcher and as a bonus, the creek frontage has approximately 30 acres already cleared. Council maintained roads Blocks as beautiful as this dont come up very often, if you would like to inspect or have any further information please call Jarrad on 0422 795 991."
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10.6%
68.9%
$617K
4%
$295,000
-$2,109
6.9%
4.9%
-4.6%
6.0%
Asking Price
$295,000
Estimated Purchase Price
$300,000
Stamp Duty
$8,745
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$30,000
Reg. Mortgage
$164
LMI Premium
$4,629
Renovation Costs
-
Total Cash/Equity Required
$45,734
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
$1,014
$1,323
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
$14,807
$21,596
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$3,013
$3,776
Depreciation
-
-
Tax Offset
-$904
$1,133
Net Cashflow After Tax
-$2,109
$2,643
Assumptions
Year 1
Year 10
Property Value
6.8%
$635,460
$1,148,760
Loan Balance
I.O
$270,000
$270,000
$365,460
$878,760
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
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Others - 100.0%
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