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$400K
$57,454
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Try Picki for FREEConfidence
High
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Medium
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Low
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Confidence
Invest in a 1981-built, three-bedroom home generating $430 weekly until October 2025, with potential lease extension. Earn a 5.6% ROI starting from settlement day. The house, designed with masonry brick veneer and galvanized iron roofing, receives ample sunlight, fostering an inviting atmosphere. Its layout, featuring a spacious entryway, open-plan kitchen, dining, and living area, exudes warmth. Bedrooms are generously sized and well-lit. The family bathroom has a shower over the bath and a separate toilet. Secure your vehicle in the attached single-car garage. Conveniently located near shops, schools, and transport, this property is a prime investment in a desirable area.
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2021 Population
Suburbs
Transport, Postal and Warehousing - 16.0%
Education and Training - 12.0%
Construction - 11.0%
Retail Trade - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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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
Below are some similar properties in the area you may be interested in.
36.1%
28.9%
$355K
6.2%
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Try Picki for FREE$20,000
-$3,702
6.2%
Asking Price
$399,000
Estimated Purchase Price
$350,000
Stamp Duty
$11,935
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$35,000
Reg. Mortgage
$152
LMI Premium
$7,737
Renovation Costs
-
Total Cash/Equity Required
$57,455
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+8.8% PA
$1,922
$2,735
Rates
+3.0% PA
$1,216
$1,587
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
$15,502
$22,588
Interest Repayments
$20,790
$20,790
Net Cashflow Before Tax
-$5,288
$1,798
Depreciation
-
-
Tax Offset
-$1,586
$539
Net Cashflow After Tax
-$3,702
$1,258
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$395,160
$714,355
Loan Balance
I.O
$315,000
$315,000
$80,160
$399,355
