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$450K
$80,050
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This charming weatherboard home, owned since 1977, is set on 9.8 acres near Euroa township. The residence boasts wide verandahs, high-ceilinged rooms, and a modern split system air conditioner. Key features include a combustion wood heater, gas cooking, and a family rumpus room leading to a large outdoor deck. The master bedroom, with its large built-in robes, offers a cozy retreat. The property benefits from a substantial machinery shed and 3 concrete water tanks. Nestled in a rural landscape, it is located on the corner of Arcadia Two Chain and Cullens Road with easy access to major towns and cities.
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86.4%
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Try Picki for FREE-$40,000
-$9,729
4.4%
Asking Price
$450,000
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
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
$2,142
$2,795
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
$12,831
$18,904
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$13,899
-$7,826
Depreciation
-
-
Tax Offset
-$4,170
-$2,348
Net Cashflow After Tax
-$9,729
-$5,478
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Year 1
Year 10
Property Value
6.8%
$437,880
$791,583
Loan Balance
I.O
$405,000
$405,000
$32,880
$386,583
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
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Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
