$550K
$115,379
"Located only 25 minutes from Shepparton is this 4bedroom weatherboard home set on 0.7ha 1.73 acres with superb shedding. The home features kitchendining area with electric cooking, dishwasher and pantry. Two living areas great for the kids to have their own space. Split system heating and cooling plus ceiling fans throughout. Main bathroom with shower, bath and separate toilet. The home has been freshly painted inside and outside, plus new floor coverings throughout. Outside single garage with roller door plus magnificent shedding with space and room to drive the truck and trailer straight in. Park the caravan alongside the boat and still have room for the workshop and much more, all with power. Also part of the shed is a 60 bin 6m x 6m cool room. Sealed road frontage plus 2 driveway access for the house and shedding with endless space for all vehicles to turn. Establish garden surroundings, new boundary fence and 0.2 ML of LR water, 0.2 DS. This property would suit the large family, owner operator truck driver or anyone looking for space for the caravan and more or a peaceful country setting."
-
62.4%
-
-
-$425,000
-$16,263
2.5%
1.4%
-17.9%
6.0%
Asking Price
$550,000
Estimated Purchase Price
$510,000
Stamp Duty
$25,670
Transfer Fee
$1,299
Conveyancing
$1,196
Deposit (10%)
$51,000
Reg. Mortgage
$129
LMI Premium
$11,274
Renovation Costs
-
Total Cash/Equity Required
$91,118
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$13,000
$18,503
Property Management
+7.7% PA
$1,001
$1,425
Rates
+3.0% PA
$1,673
$2,183
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
$7,061
$10,635
Interest Repayments
$30,294
$30,294
Net Cashflow Before Tax
-$23,233
-$19,659
Depreciation
-
-
Tax Offset
-$6,970
-$5,898
Net Cashflow After Tax
-$16,263
-$13,761
Assumptions
Year 1
Year 10
Property Value
6.8%
$90,780
$164,109
Loan Balance
I.O
$459,000
$459,000
-$368,220
-$294,891
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
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