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$570K
$105,868
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High
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Medium
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Low
-
Confidence
This impressive family home in Davoren Park sits on a 416sqm Torrens title allotment, offering ample space for family living with easy maintenance. The home includes four spacious bedrooms, with the master featuring an ensuite and walk-in wardrobe, while bedrooms 2 and 3 have built-in wardrobes. It boasts a modern kitchen with electric appliances, an open-plan living and dining area, and a large outdoor space with potential for personalization. Conveniently located near public transport, schools, and shopping centers, it's currently tenanted until April 2025, making it an attractive investment opportunity.
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49.8%
$505K
5.3%
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Try Picki for FREE$50,000
-$5,951
5.8%
Asking Price
$520,000
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
$30,160
$42,927
Property Management
+7.7% PA
$2,322
$3,305
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
$22,387
$32,509
Interest Repayments
$30,888
$30,888
Net Cashflow Before Tax
-$8,501
$1,621
Depreciation
-
-
Tax Offset
-$2,550
$486
Net Cashflow After Tax
-$5,951
$1,135
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$468,000
$468,000
$140,760
$632,493
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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...
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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
