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$349K
$55,363
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Try Picki for FREEConfidence
High
High
$445,000
Medium
$420,000
Low
$395,000
Confidence
Medium
Number 22 Mitchell Avenue is a solid investment or living option with three bedrooms, a master with its own split system, and a formal lounge with another split system. The home features ducted evaporative cooling and gas infloor heating, a spacious kitchen with electric cooking, and an updated bathroom. There is a separate toilet and laundry. Outside, a powered shed with a concrete floor and wood fire complements the property, which is situated on a good-sized lot close to schools, parks, and a bike track. Priced at $349,000 and rented for $350 per week, this property offers great value.
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 11.0%
Manufacturing - 10.0%
Education and Training - 8.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
7.1%
60.7%
$350K
5.9%
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Try Picki for FREE$80,000
-$3,519
6.4%
Asking Price
$357,000
Estimated Purchase Price
$340,000
Stamp Duty
$15,470
Transfer Fee
$901
Conveyancing
$1,196
Deposit (10%)
$34,000
Reg. Mortgage
$129
LMI Premium
$7,516
Renovation Costs
-
Total Cash/Equity Required
$59,762
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,725
$2,251
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
$15,168
$22,181
Interest Repayments
$20,196
$20,196
Net Cashflow Before Tax
-$5,028
$1,985
Depreciation
-
-
Tax Offset
-$1,508
$595
Net Cashflow After Tax
-$3,519
$1,389
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$306,000
$306,000
$142,560
$504,890
