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$1.28M
-
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,320,000
Medium
$1,200,000
Low
$1,080,000
Confidence
Medium
This Scott Salisbury Bradford-built display home at Nixon Street in Riverlea Park offers a unique lease-back investment opportunity. With no bond, property management, or maintenance fees, and rent paid one month in advance, this dwelling provides attractive financial benefits including potential tax deductions. The property sits on a generous 540 m2 lot, boasting a total area of approximately 326.25 m2. Spacious interiors include lower and upper living areas, alfresco, and a balcony, all complemented by a sizable garage. Explore future leasing options for extended returns.
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-$150,000
-$36,431
2.7%
Asking Price
$1,200,000
Estimated Purchase Price
$1,350,000
Stamp Duty
$68,080
Transfer Fee
$12,803
Conveyancing
$1,226
Deposit (10%)
$135,000
Reg. Mortgage
$187
LMI Premium
$42,651
Renovation Costs
-
Total Cash/Equity Required
$260,497
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
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
$28,146
$40,707
Interest Repayments
$80,190
$80,190
Net Cashflow Before Tax
-$52,044
-$39,483
Depreciation
-
-
Tax Offset
-$15,613
-$11,845
Net Cashflow After Tax
-$36,431
-$27,638
Unlock the power of Picki
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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
$1,215,000
$1,215,000
$66,600
$1,101,828
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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
Create a free account to access the tools and information you need to make the best property investment decisions.
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
