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$620K
$104,950
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High
-
Medium
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Low
-
Confidence
This rental property generates $475 per week, with a lease expiring on March 7, 2025, increasing to at least $565 after that. It offers 4 bedrooms, 3 with built-in robes, and the main featuring a walk-in robe and ensuite. Enjoy a modern kitchen, new flooring, and a bathroom with a separate shower and bathtub. The living area has air conditioning. The large patio connects to the kitchen-dining area, leading to a secure, fully fenced garden. There's a double garage with remote access. The property is conveniently near schools, shopping, medical services, and the University of Queensland.
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50%
$508K
5.4%
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Try Picki for FREE-$10,000
-$11,185
4.6%
Asking Price
$620,000
Estimated Purchase Price
$620,000
Stamp Duty
$20,925
Transfer Fee
$2,078
Conveyancing
$1,665
Deposit (10%)
$62,000
Reg. Mortgage
$224
LMI Premium
$17,507
Renovation Costs
-
Total Cash/Equity Required
$104,950
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
$1,898
$2,476
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
$20,849
$30,332
Interest Repayments
$36,828
$36,828
Net Cashflow Before Tax
-$15,979
-$6,496
Depreciation
-
-
Tax Offset
-$4,794
-$1,949
Net Cashflow After Tax
-$11,185
-$4,547
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Year 1
Year 10
Property Value
6.8%
$651,480
$1,177,721
Loan Balance
I.O
$558,000
$558,000
$93,480
$619,721
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 21.0%
Education and Training - 14.0%
Retail Trade - 9.0%
Health Care and Social Assistance - 8.0%
Others - 48.0%
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
