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$150K
$22,169
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Try Picki for FREEConfidence
High
High
$185,000
Medium
$165,000
Low
$145,000
Confidence
Medium
Located in a prime area of Winton, this property presents a golden opportunity to build your dream home or establish a profitable Airbnb. Its strategic location offers easy access to Melbourne and Sydney via the nearby Hume freeway, while immersing you in serene natural surroundings. Local amenities include a nearby school, with Benalla and Wangaratta CBDs within a short drive. Notably, the Winton racetrack is situated conveniently close, adding to the property's allure, especially for Airbnb guests. Some utilities, including power and phone, are already set up on the site, and some fencing is in place.
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93.2%
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-
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-$2,042
7.9%
Asking Price
$175,000
Estimated Purchase Price
$165,000
Stamp Duty
$4,970
Transfer Fee
$492
Conveyancing
$1,196
Deposit (10%)
$16,500
Reg. Mortgage
$129
LMI Premium
$2,819
Renovation Costs
-
Total Cash/Equity Required
$26,656
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
$1,850
$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
$6,884
$10,404
Interest Repayments
$9,801
$9,801
Net Cashflow Before Tax
-$2,917
$603
Depreciation
-
-
Tax Offset
-$875
$181
Net Cashflow After Tax
-$2,042
$422
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Year 1
Year 10
Property Value
6.8%
$176,220
$318,564
Loan Balance
I.O
$148,500
$148,500
$27,720
$170,064
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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
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projected
for 2024 to 2026
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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
