$589K
$123,968
"3 wellappointed bedrooms, each with builtin robes, including a generously sized master with alfresco access stunning views Openplan dining family room complemented by a separate study or sunroom at the front, offering flexible living spaces Modern kitchen equipped with a newly installed electric oven, stove, dishwasher Spacious bathroom featuring a separate bath shower, alongside a separate toilet laundry Reverse cycle heating cooling in 2 bedrooms the main living area, ensuring comfort throughout the year Set on a substantial 1,484m approx. block with dual street access, a double garage, well maintained gardens Ideally located near Glenrowan township, within easy reach of the primary school, kindergarten, school bus stop, bike track, just 900m from the town centre Call the team today to arrange your inspection discover this exceptional property"
-
85.8%
$620K
3.4%
-$65,000
-$16,025
3.5%
2.5%
-12.9%
6.0%
Asking Price
$589,000
Estimated Purchase Price
$665,000
Stamp Duty
$34,970
Transfer Fee
$1,662
Conveyancing
$1,196
Deposit (10%)
$66,500
Reg. Mortgage
$129
LMI Premium
$18,962
Renovation Costs
-
Total Cash/Equity Required
$123,968
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,608
$24,230
Interest Repayments
$39,501
$39,501
Net Cashflow Before Tax
-$22,893
-$15,271
Depreciation
-
-
Tax Offset
-$6,868
-$4,581
Net Cashflow After Tax
-$16,025
-$10,690
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$598,500
$598,500
$42,300
$559,914
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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
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price