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$499K
$98,442
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$545,000
Medium
$520,000
Low
$495,000
Confidence
Medium
This property offers a fantastic opportunity for first home buyers and investors, with potential for redevelopment on a spacious 1,017m2 allotment. The home features three bedrooms, a central lounge, a modern kitchen, and a large rear verandah. With a double-width carport and a sizable yard, this home is conveniently located near the Munno Para West Shopping Centre. Estimated rental income is approximately $480 per week, making it an appealing investment.
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2021 Population
Suburbs
Health Care and Social Assistance - 22.0%
Retail Trade - 14.0%
Manufacturing - 11.0%
Education and Training - 11.0%
Others - 42.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
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
17.3%
46%
$511K
5%
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-$10,319
4.5%
Asking Price
-
Estimated Purchase Price
$520,000
Stamp Duty
$22,430
Transfer Fee
$4,835
Conveyancing
$1,226
Deposit (10%)
$52,000
Reg. Mortgage
$187
LMI Premium
$11,607
Renovation Costs
-
Total Cash/Equity Required
$92,835
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,930
$2,518
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,147
$23,629
Interest Repayments
$30,888
$30,888
Net Cashflow Before Tax
-$14,741
-$7,259
Depreciation
-
-
Tax Offset
-$4,422
-$2,178
Net Cashflow After Tax
-$10,319
-$5,082
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$555,360
$1,003,959
Loan Balance
I.O
$468,000
$468,000
$87,360
$535,959
