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$700K
$120,054
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$800,000
Medium
$720,000
Low
$640,000
Confidence
Medium
Discover a pristine, never-lived-in property that has served as the Plainland Crossing sales office since its 2018 construction. With a lucrative lease currently set at $650 per week for the next two years, and an option for renewal, this home boasts four spacious bedrooms, a modern kitchen with stone benchtops and a walk-in pantry, plus a private outdoor entertaining area. Features include a 2.1 kW solar system, air conditioning, and a security system. Nestled in the rapidly growing area of Plainland, this property is conveniently located near schools, retail outlets, and essential services.
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74.6%
$667K
5.1%
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Try Picki for FREE$15,000
-$13,040
4.4%
Asking Price
$700,000
Estimated Purchase Price
$705,000
Stamp Duty
$24,750
Transfer Fee
$2,457
Conveyancing
$1,665
Deposit (10%)
$70,500
Reg. Mortgage
$224
LMI Premium
$19,907
Renovation Costs
-
Total Cash/Equity Required
$120,054
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,249
$33,748
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$18,628
-$8,129
Depreciation
-
-
Tax Offset
-$5,589
-$2,439
Net Cashflow After Tax
-$13,040
-$5,690
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$634,500
$634,500
$134,460
$755,597
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Location, 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
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
