$300K
$50,878
"This quaint cottage in the township of Boisdale was built in bygone era, but still carries the charm of yester year. Two spacious bedrooms accommodate the open plan dining and lounge area with the woodheater keeping everything cosy and warm. A country style kitchen looks out to the backyard, with electric cooking. The sunroom also looks out to the yard and the local views of the surrounding farm land, whilst taking in the afternoon sun The yard includes a chook and dog pen and leads you to the shed with power and concrete floor. The carport adds to the storage of the vehicles. There is rear access to the block from the roadway, beneficial for several of reasons. Ready for the next buyer to add their style to this home and take it to another level For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist"
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82.6%
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-$10,000
-$4,187
6.1%
4.0%
-8.2%
6.0%
Asking Price
$299,900
Estimated Purchase Price
$300,000
Stamp Duty
$13,070
Transfer Fee
$808
Conveyancing
$1,196
Deposit (10%)
$30,000
Reg. Mortgage
$129
LMI Premium
$5,126
Renovation Costs
-
Total Cash/Equity Required
$50,878
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
$1,695
$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
$11,839
$17,438
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$5,981
-$382
Depreciation
-
-
Tax Offset
-$1,794
-$115
Net Cashflow After Tax
-$4,187
-$267
Assumptions
Year 1
Year 10
Property Value
6.8%
$309,720
$559,900
Loan Balance
I.O
$270,000
$270,000
$39,720
$289,900
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