$630K
$117,288
"Set on a large double block of approximately 1082sqm, and close to the town centre and local sporting facilities of Tarwin Lower, sits this lovely 3 bedroom home. The open plan living and dining area boasts an open fire, as well as split system air conditioningheating to keep you in comfort all year round. The bathroom includes both shower and bath, and the kitchen has been renovated adding more space and convenience. Outside you will find a carport and lock up garage, plus a large yard which is perfect for extra car, boat or trailer storage. The yard is fully fenced and private, making it perfect for pitching a number of tents to house extra guests at the weekends. You could also use the space to build a huge shedgarage to accomodate all of your storage needs. There is so much potential with this property, and an inspection will not disappoint, so call or email us today to arrange yours. PLEASE NOTE This property is currently tenanted month to month by an excellent tenant who would love to stay on, so inspection is by appointment only."
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$190,000
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Asking Price
$630,000
Estimated Purchase Price
$630,000
Stamp Duty
$32,870
Transfer Fee
$1,580
Conveyancing
$1,196
Deposit (10%)
$63,000
Reg. Mortgage
$129
LMI Premium
$17,964
Renovation Costs
-
Total Cash/Equity Required
$117,288
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
$37,422
$37,422
Net Cashflow Before Tax
-$21,103
-$13,569
Depreciation
-
-
Tax Offset
-$6,331
-$4,071
Net Cashflow After Tax
-$14,772
-$9,498
Assumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$567,000
$567,000
$308,760
$1,016,166
Did you know you need to engage a conveyancer when buying a property?
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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
Average Days of Supply