Withheld
$122,695
"Situated in the Wantima Country Club Estate and just minutes away from the shopping, sporting and entertainment precinct of Eatons Hill. This property is currently tenanted with long term and impeccable tenants until at least August 2025 at 620 per week It will make a great addition to any investment portfolio. With three bedrooms upstairs offering ceiling fans and builtin robes, the main bedroom features air conditioning and are serviced by a modern family bathroom with separate bath. The living and lounge rooms have beautifully maintained timber floors and a great sized wellappointed kitchen with an island bench, perfect for meals on the go and an additional meals area means there is plenty of space for everyone to relax and unwind. You will be impressed by the large front covered verandah, that offers natural breezes and is the ideal spot for a morning coffee. Downstairs offers multiple options with a large airconditioned multipurpose room that would be perfect for those working from home, a teenage retreat or rumpus room the options are endless. Moving outside you will be impressed by the large flat backyard, with room for a pool or the perfect place to add an entertaining area and value add to your asset. Contact Wayne Cornell for more information on 0410 405 031. Features Great investment opportunity tenant in place until August 2025 Rental income 620 a week Three bedrooms with builtin robes and ceiling fans, main bedroom with splitsystem air conditioning Large living room with hardwood floors Lounge Study room Large front verandah Well equipped kitchen with island bar and dining area Family sized modern bathroom with separate bath Internal stairs Large airconditioned multipurpose room Water tank Great sized backyard, room for a pool Private front covered patio 3 car garage with internal drive through access Minutes away from Wantima Golf Course 615m2 Location 850m to Wantima Country Club 1.9km to Brendale microbreweries and Caf precinct 2.2km to Eatons Hill Shopping Entertaining precinct 2km to South Pine Sports Complex 2.1km to Eatons Hill Primary School 3.5km to Bray Park State High catchment schools 3.3km to Good Shepherd Christian School 3.9km to Train Disclaimer Information contained on any marketing material, website or other portal should not be relied upon. You should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property. LJ Hooker Albany Creek Warner also offer a property management service. If youre considering renting your property, are looking to buy or would like a free review of your current portfolio, please call our main office on 07 3264 9000."
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74%
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$30,000
-$14,787
4.0%
3.0%
-12.1%
6.0%
Asking Price
-
Estimated Purchase Price
$720,000
Stamp Duty
$25,425
Transfer Fee
$2,499
Conveyancing
$1,665
Deposit (10%)
$72,000
Reg. Mortgage
$224
LMI Premium
$20,331
Renovation Costs
-
Total Cash/Equity Required
$122,695
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
$1,103
$1,439
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
$21,644
$31,369
Interest Repayments
$42,768
$42,768
Net Cashflow Before Tax
-$21,124
-$11,399
Depreciation
-
-
Tax Offset
-$6,337
-$3,420
Net Cashflow After Tax
-$14,787
-$7,979
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$648,000
$648,000
$153,000
$800,017
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Construction - 10.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply