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$550K
$98,495
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$580,000
Low
$540,000
Confidence
Medium
This property is a lucrative investment opportunity. Situated on a 592 sqm low maintenance allotment, it currently yields $430 per week in rent. The home features a spacious front formal lounge, three bedrooms including a master with ensuite, and a gallery-style kitchen equipped with modern appliances like electric hotplates, an oven, a rangehood, and a dishwasher. A dining area opens up to an undercover outdoor entertaining space. It also includes a double lock-up garage with additional space in front, perfect for a caravan or boat.
Trusted by over 13k property buyers and counting...
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66.1%
$505K
5.1%
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Try Picki for FREE$20,000
-$12,292
4.0%
Asking Price
$550,000
Estimated Purchase Price
$550,000
Stamp Duty
$28,070
Transfer Fee
$1,393
Conveyancing
$1,196
Deposit (10%)
$55,000
Reg. Mortgage
$129
LMI Premium
$12,158
Renovation Costs
-
Total Cash/Equity Required
$98,496
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,784
$2,328
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
$15,109
$22,104
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$17,561
-$10,566
Depreciation
-
-
Tax Offset
-$5,268
-$3,170
Net Cashflow After Tax
-$12,292
-$7,396
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$495,000
$495,000
$113,760
$605,493
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Manufacturing - 13.0%
Agriculture, Forestry and Fishing - 13.0%
Retail Trade - 12.0%
Others - 47.0%
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
