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$595K
$89,914
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Try Picki for FREEConfidence
High
High
$605,000
Medium
$575,000
Low
$545,000
Confidence
Medium
Located in a modern estate near rainforest hills and just 15 minutes from Cairns CBD, this home built in 2017 combines modern conveniences with energy efficiency. Featuring a 6.6kW solar power system to minimize energy costs and ensuring comfort with split system air conditioning in every room, the property offers a spacious living area opening onto a tiled patio, perfect for relaxation. The kitchen impresses with stone benchtops, an induction cooktop, and quality appliances. The master bedroom, with a walk-in wardrobe, connects to the patio, creating a serene retreat. With a good-sized ensuite, tiled bedrooms, and ample storage throughout, this property also includes a double garage and a solid rental history, currently leased at $580 per week. Ideal for families or investors, it's a sound opportunity in a vibrant community.
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74%
$605K
5.3%
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Try Picki for FREE$25,000
-$5,632
5.9%
Asking Price
$595,000
Estimated Purchase Price
$550,000
Stamp Duty
$17,775
Transfer Fee
$1,783
Conveyancing
$1,665
Deposit (10%)
$55,000
Reg. Mortgage
$224
LMI Premium
$12,041
Renovation Costs
-
Total Cash/Equity Required
$89,038
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,240
$45,888
Property Management
+7.7% PA
$2,482
$3,533
Rates
+3.0% PA
$1,482
$1,934
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
$24,625
$35,657
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$8,045
$2,987
Depreciation
-
-
Tax Offset
-$2,414
$896
Net Cashflow After Tax
-$5,632
$2,091
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$614,100
$1,110,147
Loan Balance
I.O
$495,000
$495,000
$119,100
$615,147
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Accommodation and Food Services - 11.0%
Retail Trade - 11.0%
Education and Training - 9.0%
Others - 54.0%
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
