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$695K
$116,334
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Try Picki for FREEConfidence
High
High
$770,000
Medium
$695,000
Low
$620,000
Confidence
Medium
This charming log cabin-style cottage, located in the sought-after Musk township, offers a serene rural lifestyle. Sitting on approximately 1.2 acres, the property features a rustic cottage with two bedrooms, a study, and a comfortable living room with year-round comfort amenities. The off-grid dwelling is powered by a robust solar and battery system, supplemented by substantial rainwater storage capabilities. A separate powered studio adds versatility. The entire property is fully fenced, well-equipped, and offers easy access to Daylesford and surrounding attractions, making it a haven for nature lovers.
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82.1%
$926K
2.8%
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Try Picki for FREE$35,000
-$18,058
3.0%
Asking Price
$695,000
Estimated Purchase Price
$660,000
Stamp Duty
$34,670
Transfer Fee
$1,650
Conveyancing
$1,196
Deposit (10%)
$66,000
Reg. Mortgage
$129
LMI Premium
$18,819
Renovation Costs
-
Total Cash/Equity Required
$123,014
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,566
$2,043
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
$13,407
$19,656
Interest Repayments
$39,204
$39,204
Net Cashflow Before Tax
-$25,797
-$19,548
Depreciation
-
-
Tax Offset
-$7,739
-$5,864
Net Cashflow After Tax
-$18,058
-$13,684
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$742,260
$1,341,829
Loan Balance
I.O
$594,000
$594,000
$148,260
$747,829
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
