$725K
$136,373
"Set high on the hill, this cute log cabin, has some impressive views over the township of Monbulk and all the way out to the Warburton Ranges. Imagine afternoons lost watching the weather pass and the seasons change, while sipping a drink on your fully covered verandah. Unlike many homes of its era, this log cabin is totally focused towards the outlook and views, with full height glass windows throughout the long living room, and even the ability to stare at the views while washing the dishes from the updated kitchen. Three good sized bedrooms, plus an updated bathroom complete the home. With room for expansion and extension, both out and under the existing dwelling, there is loads of potential for some extra bedrooms or even another view filled living zone. Fully bitumen driveway delivers you to the ample parking area for a number of cars and being only a few hundred metres from the main st, public transport and even The Watering Hole, you might not even need the car. Be quick these properties dont last."
Below are some similar properties in the area you may be interested in.
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84.7%
-
-
$210,000
-$13,815
4.3%
3.2%
-10.1%
6.0%
Asking Price
$725,000
Estimated Purchase Price
$730,000
Stamp Duty
$38,870
Transfer Fee
$1,814
Conveyancing
$1,196
Deposit (10%)
$73,000
Reg. Mortgage
$129
LMI Premium
$20,815
Renovation Costs
-
Total Cash/Equity Required
$136,373
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,907
$2,488
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
$23,626
$34,240
Interest Repayments
$43,362
$43,362
Net Cashflow Before Tax
-$19,736
-$9,122
Depreciation
-
-
Tax Offset
-$5,921
-$2,737
Net Cashflow After Tax
-$13,815
-$6,386
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,003,920
$1,814,849
Loan Balance
I.O
$657,000
$657,000
$346,920
$1,157,849
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price