The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2024 Picki. All rights reserved.
$1.05M
$219,848
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
Discover an exceptional accommodation opportunity nestled between Wangaratta and Benalla in regional Victoria. The old Lake Mokoan Caravan Park offers 30 caravan sites, 4 cabins, modern amenities, and a charming 3-bedroom Victorian-style home. Key features include onsite sewerage, rainwater storage, licensed water extraction, solar panels, and potential for glamping. Located near major routes and demand-driven areas, this property holds lucrative potential for long and short-term rentals, making it a prime investment in a thriving rural setting.
Trusted by over 13k property buyers and counting...
Try Picki for FREE0%
87.6%
$394K
7.9%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE$5,000
-$10,325
4.1%
Asking Price
-
Estimated Purchase Price
$445,000
Stamp Duty
$21,770
Transfer Fee
$1,147
Conveyancing
$1,196
Deposit (10%)
$44,500
Reg. Mortgage
$129
LMI Premium
$9,837
Renovation Costs
-
Total Cash/Equity Required
$79,129
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,850
$2,414
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
$11,684
$17,236
Interest Repayments
$26,433
$26,433
Net Cashflow Before Tax
-$14,749
-$9,197
Depreciation
-
-
Tax Offset
-$4,425
-$2,759
Net Cashflow After Tax
-$10,325
-$6,438
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$400,500
$400,500
$80,100
$468,310
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
