$850K
$149,733
"With small acreage and a beautiful rural outlook, this 3 bedroom lifestyle property is a great opportunity to own a piece of tranquillity. Quietly tucked away within the Buffalo township, surrounded by manicured gardens, a spectacular manmade lake and additional paddocks for the animals, you will love the ambience. Features of the property include 3 bedrooms and 1 bathroom Functional country style kitchen with loads of storage and a great breaky bar Cosy loungedining area with a lovely outlook Reverse cycle AC and solid fuel heater Large undercover alfresco area Approximately 6.4 acres of land with additional unused road access Subdivided into 2 paddocks with 2 dams Stunning rural views Mature gardens with fruit trees Double car garage Excellent shedding If youre looking for some space around you, along with the peace and quiet of a small country town, then this is for you Call Kellie Thomas today on 0438 647 449 to arrange an inspection."
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81.9%
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-$385,000
-$24,864
2.3%
1.5%
-16.6%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$800,000
Stamp Duty
$43,070
Transfer Fee
$1,978
Conveyancing
$1,196
Deposit (10%)
$80,000
Reg. Mortgage
$129
LMI Premium
$22,811
Renovation Costs
-
Total Cash/Equity Required
$149,733
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,720
$26,644
Property Management
+7.7% PA
$1,441
$2,052
Rates
+3.0% PA
$2,014
$2,628
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
$12,000
$17,705
Interest Repayments
$47,520
$47,520
Net Cashflow Before Tax
-$35,520
-$29,815
Depreciation
-
-
Tax Offset
-$10,656
-$8,945
Net Cashflow After Tax
-$24,864
-$20,871
Assumptions
Year 1
Year 10
Property Value
6.8%
$443,220
$801,236
Loan Balance
I.O
$720,000
$720,000
-$276,780
$81,236
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 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