$395K
$64,373
"A full renovation is required on this property so if youre looking for a project, roll up your sleeves This property has termite damage and as mentioned will require a serious renovation. Situated in Alma, just 5 minutes drive from the Maryborough township this property consists of approx. 11 acres. The parcel of land is desirable and could have scope for a subdivision subject to council approval. The home features four bedrooms, bathroom, open plan kitchendiningliving area and separate laundrytoilet. Wood heater and split system in the living area. Outdoors is a double carport and double garage that is currently set up as a mancave. An opportunity at a lower purchase price than most acreage properties so this could be a great way to entre the lifestyle market and value you add by completing the work required."
-
91.4%
-
-
$90,000
-$6,904
4.9%
3.3%
-10.6%
6.0%
Asking Price
$395,000
Estimated Purchase Price
$370,000
Stamp Duty
$17,270
Transfer Fee
$972
Conveyancing
$1,196
Deposit (10%)
$37,000
Reg. Mortgage
$129
LMI Premium
$8,179
Renovation Costs
-
Total Cash/Equity Required
$65,295
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,419
$1,851
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$12,115
$17,798
Interest Repayments
$21,978
$21,978
Net Cashflow Before Tax
-$9,863
-$4,180
Depreciation
-
-
Tax Offset
-$2,959
-$1,254
Net Cashflow After Tax
-$6,904
-$2,926
Assumptions
Year 1
Year 10
Property Value
6.8%
$491,280
$888,117
Loan Balance
I.O
$333,000
$333,000
$158,280
$555,117
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Manufacturing - 13.0%
Education and Training - 9.0%
Others - 47.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price