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$485K
$78,487
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High
-
Medium
-
Low
-
Confidence
Located in the vibrant center of Frenchville, 350 Mills Avenue is a spacious gem perfect for family living. This residence boasts a welcoming front balcony, an open-plan lounge and dining area, and a kitchen with high ceilings and polished timber floors. The home features four generous bedrooms and a centrally positioned bathroom, with ample room downstairs for storage and a two-car garage. The 607 square meter lot includes a large concreted outdoor patio, providing a low-maintenance lifestyle within proximity to schools and shops.
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70.4%
$573K
4.7%
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Try Picki for FREE$95,000
-$1,120
7.3%
Asking Price
$485,000
Estimated Purchase Price
$485,000
Stamp Duty
$15,400
Transfer Fee
$1,530
Conveyancing
$1,665
Deposit (10%)
$48,500
Reg. Mortgage
$224
LMI Premium
$10,618
Renovation Costs
-
Total Cash/Equity Required
$78,487
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$35,360
$50,328
Property Management
+7.7% PA
$2,723
$3,875
Rates
+3.0% PA
$1,777
$2,319
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
$27,209
$39,371
Interest Repayments
$28,809
$28,809
Net Cashflow Before Tax
-$1,600
$10,562
Depreciation
-
-
Tax Offset
-$480
$3,169
Net Cashflow After Tax
-$1,120
$7,393
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Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$436,500
$436,500
$182,940
$683,300
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Accommodation and Food Services - 7.0%
Others - 53.0%
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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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
