$210K
$39,215
"Situated on approximately 518m2 allotment is this affordable home featuring, 3 well appointed bedrooms all complete with built ins and ceiling fans. Servicing the bedrooms is the conveniently located bathroom with shower, bath and vanity. Separate toilet. Open plan kitchen, dining and lounge area. Updated kitchen with a free standing electric oven and cooktop. The property also features a double car port, the land area provides plenty of space for outdoor entertaining or gardening. For comfortable living, there is gas heating and refrigerated cooling. Rental appraisal 290 per week."
Below are some similar properties in the area you may be interested in.
7.8%
43.8%
$217K
7.2%
-$25,000
-$4,060
6.2%
3.5%
-10.3%
6.0%
Asking Price
$210,000
Estimated Purchase Price
$235,000
Stamp Duty
$9,170
Transfer Fee
$656
Conveyancing
$1,196
Deposit (10%)
$23,500
Reg. Mortgage
$129
LMI Premium
$4,015
Renovation Costs
-
Total Cash/Equity Required
$39,215
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$14,560
$20,723
Property Management
+7.7% PA
$1,121
$1,596
Rates
+3.0% PA
$2,015
$2,629
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
$8,159
$12,239
Interest Repayments
$13,959
$13,959
Net Cashflow Before Tax
-$5,800
-$1,720
Depreciation
-
-
Tax Offset
-$1,740
-$516
Net Cashflow After Tax
-$4,060
-$1,204
Assumptions
Year 1
Year 10
Property Value
6.8%
$224,280
$405,445
Loan Balance
I.O
$211,500
$211,500
$12,780
$193,945
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 8.0%
Accommodation and Food Services - 7.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price