$420K
$74,517
"This 3 bedroom brick veneer home is positioned within walking distance to schools, shopping precinct, local pub and swimming pool and would be ideal for a first home buyer, investment or family home. Internal features of the home include open plan living, reverse cycle airconditioned, 3 large bedrooms with built in robes, modern kitchen with breakfast bar, gas cooking and magnificent views towards Wilsons Promontory . The central bathroom consists of a separate shower, bath and vanity. Separate toilet plus laundry room. This low maintenance neat and tidy home is on a 611m2 flat block, single carport, garden shed and front veranda. A great opportunity to purchase a low maintenance home with a view of Wilsons Promontory."
Below are some similar properties in the area you may be interested in.
3%
76.1%
-
-
-$20,000
-$9,400
4.3%
2.7%
-12.6%
6.0%
Asking Price
$420,000
Estimated Purchase Price
$420,000
Stamp Duty
$20,270
Transfer Fee
$1,089
Conveyancing
$1,196
Deposit (10%)
$42,000
Reg. Mortgage
$129
LMI Premium
$9,285
Renovation Costs
-
Total Cash/Equity Required
$74,518
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,520
$17,022
Interest Repayments
$24,948
$24,948
Net Cashflow Before Tax
-$13,428
-$7,926
Depreciation
-
-
Tax Offset
-$4,029
-$2,378
Net Cashflow After Tax
-$9,400
-$5,548
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$378,000
$378,000
$49,200
$394,276
Did you know you need to engage a conveyancer when buying a property?
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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
Average Days of Supply