$220K
$40,112
"Are you looking for your first home whether its for yourself or investment This solid 3 bedroom home plus office is an ideal start for your investment portfolio or the perfect entry level home for the owner occupier. Spacious lounge room with split system heating and cooling plus wood heater. Country style kitchen with electric stove plus separate dining room, office and storage room. The bathroom presents a bath and vanity with the separate laundry including shower and toilet located next door. East facing sunroom that attracts the morning sunshine creating a lovely space for breakfast or your morning coffee. Outside is a neat yard including garage and rear lane access. This property is currently leased making it an ideal investment for consideration."
Below are some similar properties in the area you may be interested in.
-
79.6%
$138K
12.3%
-$120,000
-$5,363
5.2%
2.9%
-12.8%
6.0%
Asking Price
$229,000
Estimated Purchase Price
$250,000
Stamp Duty
$10,070
Transfer Fee
$691
Conveyancing
$1,196
Deposit (10%)
$25,000
Reg. Mortgage
$129
LMI Premium
$4,272
Renovation Costs
-
Total Cash/Equity Required
$41,907
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
$1,545
$2,016
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
$7,189
$10,802
Interest Repayments
$14,850
$14,850
Net Cashflow Before Tax
-$7,661
-$4,048
Depreciation
-
-
Tax Offset
-$2,298
-$1,214
Net Cashflow After Tax
-$5,363
-$2,833
Assumptions
Year 1
Year 10
Property Value
6.8%
$138,840
$250,990
Loan Balance
I.O
$225,000
$225,000
-$86,160
$25,990
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
Agriculture, Forestry and Fishing - 49.0%
Health Care and Social Assistance - 11.0%
Education and Training - 7.0%
Public Administration and Safety - 6.0%
Others - 27.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price