$800K
$143,989
"OPEN INSPECTION at 1130am on 11102024. PLEASE NOTE, access to the backyard is not permitted as no one will be available to control the dog. This inspection will be limited to the interior of the property only. This affordable brick and tile home, situated in a highly soughtafter location, sits on an impressive 663m block, offering plenty of space for a boat, caravan, trailer, or extra vehicle. Designed with a welcoming, countrystyle feel, the openplan kitchen and living area overlooks the expansive backyard, providing the perfect setting for a young family and an easy, relaxed lifestyle. Key Features 3 Bedrooms Openplan kitchen and living Dining room Lounge room Split system air conditioning PV solar system Large undercover alfresco area Double carport Currently Rented Lease Ends 24042025 Rent 625 per week The spacious undercover alfresco area is ideal for entertaining family and friends with a BBQ and your favorite wine. Located in a quiet area of Nerang, this property is just minutes from all amenities. Its a short drive to Nerang Shopping Centre, restaurants, cafs, schools, kindergartens, medical facilities, and has easy access to the M1 Motorway. This is a mustsee Disclaimer We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur."
Below are some similar properties in the area you may be interested in.
2.1%
84.3%
$868K
5.1%
$85,000
-$19,511
3.5%
2.6%
-13.7%
6.0%
Asking Price
$800,000
Estimated Purchase Price
$830,000
Stamp Duty
$30,375
Transfer Fee
$2,963
Conveyancing
$1,665
Deposit (10%)
$83,000
Reg. Mortgage
$224
LMI Premium
$23,437
Renovation Costs
-
Total Cash/Equity Required
$142,214
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,318
$1,720
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
$21,429
$31,089
Interest Repayments
$49,302
$49,302
Net Cashflow Before Tax
-$27,873
-$18,213
Depreciation
-
-
Tax Offset
-$8,362
-$5,464
Net Cashflow After Tax
-$19,511
-$12,749
Assumptions
Year 1
Year 10
Property Value
6.8%
$977,220
$1,766,581
Loan Balance
I.O
$747,000
$747,000
$230,220
$1,019,581
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
Health Care and Social Assistance - 13.0%
Retail Trade - 12.0%
Accommodation and Food Services - 11.0%
Construction - 9.0%
Others - 55.0%
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