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$580K
$107,802
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High
-
Medium
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Low
-
Confidence
Discover a modern four-bedroom home in Davoren Park, crafted with attention to detail. Perfect for families, first-home buyers, or investors, this residence, built in 2021, features a master suite with an ensuite and built-in wardrobe. Additional bedrooms offer built-in robes for practical storage. The open-concept kitchen and living area, with sleek cabinetry and stainless steel appliances, serve as a family hub. A low-maintenance yard provides opportunities for relaxation or entertaining. The property is near Kalara Reserve, Eyre Shopping Complex, and Eyre Sports Park, enhancing convenience. Nearby schools, such as St Columba College, make it appealing for families. Currently rented at $520 per week until August 2025, with an estimated rental potential of $530-$550 weekly, it's a solid investment.
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62%
$490K
5.8%
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Try Picki for FREE$70,000
-$8,446
5.2%
Asking Price
$580,000
Estimated Purchase Price
$580,000
Stamp Duty
$25,730
Transfer Fee
$5,411
Conveyancing
$1,226
Deposit (10%)
$58,000
Reg. Mortgage
$187
LMI Premium
$16,698
Renovation Costs
-
Total Cash/Equity Required
$107,802
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
$34,452
$34,452
Net Cashflow Before Tax
-$12,065
-$1,943
Depreciation
-
-
Tax Offset
-$3,620
-$583
Net Cashflow After Tax
-$8,446
-$1,360
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$522,000
$522,000
$172,200
$732,948
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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
