$1.15M
$172,349
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Try Picki for FREEConfidence
High
High
$1,150,000
Medium
$1,050,000
Low
$950,000
Confidence
Medium
This substantial investment opportunity in Rosetta features a café restaurant, 52 South, a large 5-bedroom apartment with picturesque water views, and a 3-bedroom unit downstairs. Offering a secure, hassle-free income of over $70,000 per annum with long-term leases in place, this property combines versatility with strong return potential. The upstairs unit offers panoramic river views and a generous balcony, while the downstairs unit benefits from a private courtyard. Located just 15 minutes from the CBD, this property is an appealing option for investors. A double garage with internal access and ample storage complete the package.
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71.2%
$600K
4.1%
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Try Picki for FREE-$15,000
-$21,254
3.9%
Asking Price
$1,150,000
Estimated Purchase Price
$1,065,000
Stamp Duty
$43,110
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$106,500
Reg. Mortgage
$152
LMI Premium
$30,367
Renovation Costs
-
Total Cash/Equity Required
$182,760
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+8.8% PA
$3,661
$5,210
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
$32,898
$47,422
Interest Repayments
$63,261
$63,261
Net Cashflow Before Tax
-$30,363
-$15,839
Depreciation
-
-
Tax Offset
-$9,109
-$4,752
Net Cashflow After Tax
-$21,254
-$11,087
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$958,500
$958,500
$162,900
$1,068,724
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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
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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