$520K
$92,962
"Nestled in a prime location mere moment from the renowned 90 Mile Beach, this charming property offers an idyllic coastal lifestyle. Boasting a delightful barnstyle design, this doublestory residence exudes warmth and character. Step inside to discover a cozy haven featuring a modern Kitchen Layout fitted with Miele Appliances, four bedrooms and two bathrooms, providing ample space for comfortable living. With its neat and tidy presentation, this home offers a welcoming ambiance, perfect for both relaxation and entertaining. Situated on a generous 642m2 block Approx., theres plenty of room to enjoy outdoor activities or simply bask in the coastal breeze. Whether youre seeking a permanent residence or a holiday retreat, this property ticks all the boxes with single car remote garage and two 5,000L water tanks this is a property for those who appreciate seaside living at its finest. Dont miss out on the opportunity to make this adorable coastal retreat your own"
Below are some similar properties in the area you may be interested in.
-
85%
$365K
4.6%
-$90,000
-$12,327
3.8%
2.5%
-13.3%
6.0%
Asking Price
$520,000
Estimated Purchase Price
$520,000
Stamp Duty
$26,270
Transfer Fee
$1,323
Conveyancing
$1,196
Deposit (10%)
$52,000
Reg. Mortgage
$129
LMI Premium
$11,495
Renovation Costs
-
Total Cash/Equity Required
$92,962
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,695
$2,212
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
$13,278
$19,487
Interest Repayments
$30,888
$30,888
Net Cashflow Before Tax
-$17,610
-$11,401
Depreciation
-
-
Tax Offset
-$5,283
-$3,420
Net Cashflow After Tax
-$12,327
-$7,980
Assumptions
Year 1
Year 10
Property Value
6.8%
$459,240
$830,197
Loan Balance
I.O
$468,000
$468,000
-$8,760
$362,197
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply