$425K
$75,439
"This well maintained, three bedroom home, situated on a corner block on a no through road with water views is a great family holiday home, permanent home or an investment. McLoughlins Beach is a coastal town offering a mix of holiday residents and a relaxed community. Centrally located, it provides a great base for all of your activities on the coast, whether its fishing or kayaking the estuaries, walking to the jettyboardwalk, driving to the surf beaches of Woodside or Reeves Beach or just relaxing on the verandah enjoying a beverage with a cheese platter and soaking up the water views. Features include Open plan lounge, sitting and dining area with wood feature walls, wood heater, split system and access to verandah Step down to a timber kitchen with electrical appliances, ample cupboards and pantry 3 bedrooms with carpet and BIRs Main bathroom with a European laundry, tiled flooring, shower, vanity and toilet Corner 717m2 block with side road access Low maintenance native gardens with stone pathways Double garage with concrete flooring, power and remote door Double length carport, excellent for the caravan or boat 2 minute drive to the boat ramp or jetty 10 minute drive to the Woodside Beach Hotel 20 minute drive to Yarram for all of your services Dont hesitate We are looking forward to hearing from you. Call Sonya today on 0427 444 244 For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist Or call us on 03 51826600"
Below are some similar properties in the area you may be interested in.
-
83.3%
$665K
1.9%
-$60,000
-$9,384
4.3%
2.8%
-12.4%
6.0%
Asking Price
$425,000
Estimated Purchase Price
$425,000
Stamp Duty
$20,570
Transfer Fee
$1,100
Conveyancing
$1,196
Deposit (10%)
$42,500
Reg. Mortgage
$129
LMI Premium
$9,395
Renovation Costs
-
Total Cash/Equity Required
$75,440
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
$1,695
$2,212
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
$11,839
$17,438
Interest Repayments
$25,245
$25,245
Net Cashflow Before Tax
-$13,406
-$7,807
Depreciation
-
-
Tax Offset
-$4,022
-$2,342
Net Cashflow After Tax
-$9,384
-$5,465
Assumptions
Year 1
Year 10
Property Value
6.8%
$389,820
$704,702
Loan Balance
I.O
$382,500
$382,500
$7,320
$322,202
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply