$469K
$76,049
"This rural residence set on 2.6 acres boasts lovely mountain views and is constructed of low maintenance rendered masonry block. It features built in cupboards, split system airconditioning and tiled floors. The spacious open plan living area opens out onto a large rear veranda perfect for entertaining, relaxing and enjoying the beautiful mountain views. At the rear of the property is a creek lined with rainforest that has yearround water and its own private path leading to the creek. A huge 3 bay shed provides loads of storage space for your boat, caravan or workshop. This property offers the opportunity to live in the lovely rural Kennedy Valley with loads of room for a veggie patch and only a short drive to the local Kennedy school and the town of Cardwell. Property Code 495"
Below are some similar properties in the area you may be interested in.
6.7%
75.4%
$210K
9.2%
-$270,000
-$13,474
3.5%
1.9%
-17.4%
6.0%
Asking Price
$479,000
Estimated Purchase Price
$480,000
Stamp Duty
$15,225
Transfer Fee
$1,488
Conveyancing
$1,665
Deposit (10%)
$48,000
Reg. Mortgage
$224
LMI Premium
$10,508
Renovation Costs
-
Total Cash/Equity Required
$77,661
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$2,445
$3,190
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
$9,263
$13,906
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$19,249
-$14,606
Depreciation
-
-
Tax Offset
-$5,775
-$4,382
Net Cashflow After Tax
-$13,474
-$10,224
Assumptions
Year 1
Year 10
Property Value
6.8%
$224,280
$405,445
Loan Balance
I.O
$432,000
$432,000
-$207,720
-$26,555
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 22.0%
Health Care and Social Assistance - 10.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply