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$380K
$67,139
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Try Picki for FREEConfidence
High
High
$410,000
Medium
$380,000
Low
$350,000
Confidence
Medium
This property is a versatile rural haven perfect for various pursuits including building a getaway shed, motorbike riding, and growing fruits and vegetables. It boasts a large catchment dam suitable for irrigation and a lush wetland area enriched with majestic River Redgums that draw in diverse wildlife. The land holds potential for running cattle or horses, or for cultivating extra fodder. Strategically positioned with dual road frontages, it offers easy access to nearby towns like Wangaratta, Benalla, and Glenrowan, as well as the Hume Freeway. Proximity to the Lake Mokoan tourist hub and several wineries adds recreational and lifestyle appeal.
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87.6%
$394K
7.9%
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-$10,982
3.4%
Asking Price
$380,000
Estimated Purchase Price
$380,000
Stamp Duty
$17,870
Transfer Fee
$995
Conveyancing
$1,196
Deposit (10%)
$38,000
Reg. Mortgage
$129
LMI Premium
$8,400
Renovation Costs
-
Total Cash/Equity Required
$67,140
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$13,000
$18,503
Property Management
+7.7% PA
$1,001
$1,425
Rates
+3.0% PA
$1,850
$2,414
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
$6,884
$10,404
Interest Repayments
$22,572
$22,572
Net Cashflow Before Tax
-$15,688
-$12,168
Depreciation
-
-
Tax Offset
-$4,706
-$3,650
Net Cashflow After Tax
-$10,982
-$8,517
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Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$342,000
$342,000
$63,840
$391,662
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
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...
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Asking Price
