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$1.2M
$260,497
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,350,000
Medium
$1,225,000
Low
$1,100,000
Confidence
Medium
Explore the exquisite Scott Salisbury Bradford Display Home, located at Nixon Street, Riverlea Park. This property offers a unique investment opportunity with a leaseback arrangement. Spanning a generous land size of approximately 685 m2, the home features a total area of about 327.20 m2, including a spacious living area of around 258.70 m2, a porch, an alfresco area, and a double garage. The dimensions are designed for comfortable living and entertaining. Enjoy income tax reduction through capital allowance and tax depreciation schedule, with the convenience of no bond, no property management fees, and no maintenance payments. Rent is paid one month in advance, promising a rental return from the settlement date.
Trusted by over 13k property buyers and counting...
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84.1%
$313K
10.2%
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Try Picki for FREE-$210,000
-$41,645
2.4%
Asking Price
$1,275,000
Estimated Purchase Price
$1,435,000
Stamp Duty
$72,755
Transfer Fee
$13,667
Conveyancing
$1,226
Deposit (10%)
$143,500
Reg. Mortgage
$187
LMI Premium
$45,337
Renovation Costs
-
Total Cash/Equity Required
$277,222
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$25,746
$37,291
Interest Repayments
$85,239
$85,239
Net Cashflow Before Tax
-$59,493
-$47,948
Depreciation
-
-
Tax Offset
-$17,848
-$14,384
Net Cashflow After Tax
-$41,645
-$33,563
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,308,300
$2,365,095
Loan Balance
I.O
$1,291,500
$1,291,500
$16,800
$1,073,595
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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
