$540K
$84,931
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Try Picki for FREEConfidence
Medium
High
$560,000
Medium
$520,000
Low
$480,000
Confidence
Low
Discover the blend of lifestyle and business with this unique 5-bedroom residence offering potential for a cafe business in Cooyar. Situated along a busy highway, the prominent property features a modern kitchen, ample water supply, and a spacious backyard with a colorbond shed. Equipped with all essentials, the ready-to-launch cafe promises excellent visibility and passing trade. Perfect for those seeking a harmonious work-life balance or aiming to capitalize on business opportunities in a charming community.
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86.5%
$350K
4.5%
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Try Picki for FREE-$5,000
-$12,854
3.8%
Asking Price
$540,000
Estimated Purchase Price
$525,000
Stamp Duty
$16,800
Transfer Fee
$1,699
Conveyancing
$1,665
Deposit (10%)
$52,500
Reg. Mortgage
$224
LMI Premium
$11,493
Renovation Costs
-
Total Cash/Equity Required
$84,931
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
$1,766
$2,304
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$12,821
$18,891
Interest Repayments
$31,185
$31,185
Net Cashflow Before Tax
-$18,364
-$12,294
Depreciation
-
-
Tax Offset
-$5,509
-$3,688
Net Cashflow After Tax
-$12,854
-$8,606
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$555,360
$1,003,959
Loan Balance
I.O
$472,500
$472,500
$82,860
$531,459
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Manufacturing - 7.0%
Others - 56.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price