$595K
$122,059
"Built by the present owner this beautifully maintained home would suit a first home buyer or a family looking for a well located holiday home. Built on a low maintenance 991m2 block, theres loads of room to add a shed for the boat or caravan, build veggie gardens or leave it as lawn for the kids to run around kick the footy. Inside, the house features open plan kitchen, living dining area flowing onto the large deckalfresco area. The master bedroom offers a walk in robe and ensuite, 2 family bedrooms have built in robes and are central to the family bathroom and separate toilet. The home also offers the following features RCAC Solid fuel heater Ceiling fans carpets in bedrooms Timber laminate flooring Large outdoor timber and railing entertaining deck Garden Shed DBL car garage Port Franklin is a quiet coastal hamlet, centrally located to some of the best beaches, boating facilities outdoor activities in Victoria and only a 10 minute drive to the townships and schools of Foster Toora. For more information contact Peter Bellingham or Wendy Gregson at Ray White Foster"
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83.2%
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-$35,000
-$18,306
3.3%
2.3%
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Asking Price
$649,000
Estimated Purchase Price
$715,000
Stamp Duty
$37,970
Transfer Fee
$1,779
Conveyancing
$1,196
Deposit (10%)
$71,500
Reg. Mortgage
$129
LMI Premium
$20,387
Renovation Costs
-
Total Cash/Equity Required
$133,511
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
$2,014
$2,628
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
$16,319
$23,853
Interest Repayments
$42,471
$42,471
Net Cashflow Before Tax
-$26,152
-$18,618
Depreciation
-
-
Tax Offset
-$7,846
-$5,585
Net Cashflow After Tax
-$18,306
-$13,033
Assumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$643,500
$643,500
$82,740
$669,369
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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