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$1.2M
-
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,300,000
Medium
$1,200,000
Low
$1,100,000
Confidence
Medium
This property is a Scott Salisbury Bradford built display home located on Nixon Street in Riverlea Park. It offers a Display Home Lease Back opportunity, providing rental returns with no bond, maintenance payments, or property management fees. The land size is approximately 685m2, with a total area of about 327.20m2. Living space accounts for around 258.70m2, and other features include a porch and alfresco area. The property comes with a garage and a width and depth of approximately 16.85 meters and 24.18 meters, respectively.
Trusted by over 13k property buyers and counting...
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76.4%
$313K
10.2%
Unlock Property Investment Scores
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Try Picki for FREE-$235,000
-$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%
$1,281,600
$2,316,828
Loan Balance
I.O
$1,291,500
$1,291,500
-$9,900
$1,025,328
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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...
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Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
