$470K
$92,962
"This solid brick home features 3 large bedrooms 2 modern bathrooms Just a short stroll to Merbein shops schools and only a short drive to Mildura. The master suit features walk through robe to a stunning ensuite, the other two bedrooms with BIRs are generous in size With spacious lounge room and a great modern kitchen, with dishwasher views over the rear yard. Step outside to a paved indooroutdoor entertaining area with ceiling fan, heaters and a built in bar Elevated scenic views, huge fully fenced grassed backyard and a massive shed, large undercover caravancar storage and excellent rear access with auto gate. Complete with ducted evap cooling, plus split system reverse cycle heatingcooling, 5KW Solar with Battery Storage this home is ready to move in enjoy"
Below are some similar properties in the area you may be interested in.
-
68.1%
$260K
10%
-$185,000
-$14,669
3.1%
1.8%
-16.3%
6.0%
Asking Price
$470,000
Estimated Purchase Price
$505,000
Stamp Duty
$25,370
Transfer Fee
$1,287
Conveyancing
$1,196
Deposit (10%)
$50,500
Reg. Mortgage
$129
LMI Premium
$11,164
Renovation Costs
-
Total Cash/Equity Required
$90,195
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$2,093
$2,731
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
$9,041
$13,503
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$20,956
-$16,494
Depreciation
-
-
Tax Offset
-$6,287
-$4,948
Net Cashflow After Tax
-$14,669
-$11,546
Assumptions
Year 1
Year 10
Property Value
6.8%
$341,760
$617,821
Loan Balance
I.O
$454,500
$454,500
-$112,740
$163,321
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Retail Trade - 13.0%
Agriculture, Forestry and Fishing - 10.0%
Education and Training - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price