$695K
$143,053
"Deposit 510 Settlement 304560 days Land size 651m2 Council rates 2,224.70 PA approx Rental appraisal 500 550 per week Built 1985 approx Discover the perfect blend of comfort and potential with this maintained family home. Ideal for first home buyers, growing families, or savvy investors, this property offers endless possibilities. Situated on a generous 651m2 allotment and backing onto parkland, it features three bedrooms with builtin robes and a central bathroom. The modern kitchen, equipped with stainlesssteel appliances, is sure to inspire culinary creativity. The living and dining area provides ample space for family activities and relaxation. Step outside to a deep backyard, perfect for entertaining guests during summer gatherings. With the potential to retain the front house and possibly develop a townhouse at the rear, this property offers exceptional investment opportunities. Additional features include ducted heating, split system cooling, and convenient offstreet parking. Located in a prime area, youll be just moments away from Kingsley Park Primary School, Mt Erin Secondary College, East Link, Peninsula Link, and Monash University. This is more than just a home its a lifestyle waiting for you. Disclaimer In preparing this information, Barry Plant Frankston has relied in good faith upon information provided by others and has made all reasonable efforts to ensure that the information is correct. The accuracy of the information provided to you whether written or verbal cannot be guaranteed. If you are considering this property, you must make all enquiries necessary to satisfy yourself that all information is accurate. Please note that inspection times are subject to change without notice, we suggest you check the online marketinglisting on the day."
-
68.3%
$932K
3.2%
-$35,000
-$19,256
3.1%
2.3%
-13.8%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$745,000
Stamp Duty
$39,770
Transfer Fee
$1,849
Conveyancing
$1,196
Deposit (10%)
$74,500
Reg. Mortgage
$129
LMI Premium
$21,243
Renovation Costs
-
Total Cash/Equity Required
$139,236
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
$1,589
$2,073
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
$16,744
$24,408
Interest Repayments
$44,253
$44,253
Net Cashflow Before Tax
-$27,509
-$19,845
Depreciation
-
-
Tax Offset
-$8,253
-$5,954
Net Cashflow After Tax
-$19,256
-$13,892
Assumptions
Year 1
Year 10
Property Value
6.8%
$758,280
$1,370,790
Loan Balance
I.O
$670,500
$670,500
$87,780
$700,290
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2021 Population
Suburbs
Health Care and Social Assistance - 20.0%
Retail Trade - 13.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price