$425K
$63,153
"3 Rosslyn Road offers to you a three bedroom, one bathroom home with all the hard work already done Situated in the perfect location, walking distance to the CBD, the new upcoming University Campus plus UTAS stadium as well as being a short distance to cafes, Heritage Forest dog park walking tracks, bus stops shopping. The home is filled with character and compromises of three great sized bedrooms, all which offer built in robes. There is a beautiful and modern kitchendining space which are light filled. Large lounge area with a reverse cycle air conditioner for all year round heating cooling. There is a separate laundry and garden shed plus the added bonus of a large garage workshop with power installed in the rear yard. The yard is a great size for children or pets to play while also being secure. Invermay is hot right now, with the University of Tasmania Stadium, UTAS Inveresk campus and the Inveresk precinct all creating a young and vibrant atmosphere in the area. The brand new Silo Hotel Riverbend Park are also a few minutes away a great spot to take the kids for a play or relax in the sun with a drink. Land Size 486m2 approx Year Built 1934 Please note this property is currently tenanted and 48hours clear notice will need to be provided to the tenant prior to any inspection of the property. We have in preparing this listing used our best endeavors to ensure the information is true accurate. Prospective purchasers are advised to carry out their own investigations."
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2%
51.2%
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-
$35,000
-$6,432
5.4%
3.5%
-10.2%
6.0%
Asking Price
$425,000
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
$20,800
$29,605
Property Management
+8.8% PA
$1,830
$2,605
Rates
+3.0% PA
$2,089
$2,726
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
$13,681
$20,099
Interest Repayments
$22,869
$22,869
Net Cashflow Before Tax
-$9,188
-$2,770
Depreciation
-
-
Tax Offset
-$2,757
-$831
Net Cashflow After Tax
-$6,432
-$1,939
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
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price