$420K
$74,517
"This home is situated in a quiet, peaceful street in the popular fishing township of McLoughlins Beach and is a short drive to the boat ramp and an easy walk to the park. Features 1,608sqm block 3 Good sized bedrooms 1 bathroom with shower Kitchen with gas cooking Dining room Lounge room with Wood heater Back sunroom entertainment area Under cover verandah Double carport Enclosed yard Septic Tank water only Yarram and all amenities is approx. a 20 minute drive and this coastal village is located approximately 200km Eastsoutheast of Melbourne along the scenic South Gippsland Highway. This home is perfect for anyone wanting to move to a quiet coastal regional township. For more information or to arrange a viewing contact Bianca. Boundaries are indicative only Sqm of the block is approximate only"
Below are some similar properties in the area you may be interested in.
-
83.3%
$665K
1.9%
-$100,000
-$11,048
3.9%
2.5%
-13.3%
6.0%
Asking Price
$465,000
Estimated Purchase Price
$465,000
Stamp Duty
$22,970
Transfer Fee
$1,194
Conveyancing
$1,196
Deposit (10%)
$46,500
Reg. Mortgage
$129
LMI Premium
$10,279
Renovation Costs
-
Total Cash/Equity Required
$82,818
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
$27,621
$27,621
Net Cashflow Before Tax
-$15,782
-$10,183
Depreciation
-
-
Tax Offset
-$4,735
-$3,055
Net Cashflow After Tax
-$11,048
-$7,128
Assumptions
Year 1
Year 10
Property Value
6.8%
$389,820
$704,702
Loan Balance
I.O
$418,500
$418,500
-$28,680
$286,202
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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