$260K
$47,289
"Located almost opposite the Mystic Park Hotel, this tidy 3bedroom weatherboard home is set in easytocarefor surrounds. Features include Modern galleystyle kitchen with a double bowl sink, electric cooking, and plenty of bench space. Beautifully renovated tiled bathroom incorporating a bath, separate shower, and toilet. Spacious lounge with vinyl flooring, plus a wood heater. All bedrooms are a good size, with the master featuring an open fire. Cosy sunroom for added comfort. 3car carport, plus a second carport for 2 cars. Generously sized lockup shed for 4 cars, with an additional bay for a workshop, power connected, and concrete floor. This tidy home is serviced by an evaporative air conditioner and features secure fencing. It is ideally located midway between the regional centres of Swan Hill and Kerang in the renowned Kerang Lakes district, less than 5 minutes drive away."
Below are some similar properties in the area you may be interested in.
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82.5%
$372K
5.5%
$25,000
-$3,761
6.2%
4.0%
-8.1%
6.0%
Asking Price
$260,000
Estimated Purchase Price
$275,000
Stamp Duty
$11,570
Transfer Fee
$749
Conveyancing
$1,196
Deposit (10%)
$27,500
Reg. Mortgage
$129
LMI Premium
$4,699
Renovation Costs
-
Total Cash/Equity Required
$46,393
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,160
$24,424
Property Management
+7.7% PA
$1,321
$1,881
Rates
+3.0% PA
$1,611
$2,102
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
$10,963
$16,181
Interest Repayments
$16,335
$16,335
Net Cashflow Before Tax
-$5,372
-$154
Depreciation
-
-
Tax Offset
-$1,612
-$46
Net Cashflow After Tax
-$3,761
-$108
Assumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$247,500
$247,500
$72,900
$331,707
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 27.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Manufacturing - 6.0%
Others - 45.0%
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