$400K
$62,330
Confidence
High
High
$440,000
Medium
$420,000
Low
$395,000
Confidence
Medium
"If youre looking for an opportunity to enter the market or invest, 26 Carcoola Street could be the property for you This 2bedroom, 1bathroom home invites your creativity and vision for improvement. As you enter, youll find Tas Oak floors that add character throughout the living spaces. The living room offers beautiful water views. One bedroom is generously sized, providing ample space, while the other offers a wellproportioned layout for comfort. The bathroom is practical and meets everyday needs. Step outside to enjoy the backyard, complete with two garden sheds for storage. With reverse cycle heating, this home can remain comfortable yearround. Additionally, the property has a rental appraisal of 350 380 per week, making it an attractive option for investors. This property is ideal for someone willing to see its potential and make it their own. The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information. All timeframes and dimensions are approximates only."
9.6%
62.8%
$486K
5.2%
$35,000
-$6,590
5.3%
3.5%
-10.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$400,000
Estimated Purchase Price
$385,000
Stamp Duty
$13,360
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$38,500
Reg. Mortgage
$152
LMI Premium
$8,511
Renovation Costs
-
Total Cash/Equity Required
$63,153
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,280
$28,865
Property Management
+8.8% PA
$1,785
$2,540
Rates
+3.0% PA
$1,841
$2,402
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$13,454
$19,747
Interest Repayments
$22,869
$22,869
Net Cashflow Before Tax
-$9,415
-$3,122
Depreciation
-
-
Tax Offset
-$2,824
-$937
Net Cashflow After Tax
-$6,590
-$2,185
Assumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$346,500
$346,500
$102,060
$464,390
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2021 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price