$345K
$60,684
"This great 2bedroom house is very centrally located, meaning a very short walk to the shops and the beach. Ready to come and start enjoying your beach time. Set on the back of the block, making it more private than usual. Neat and tidy, with a functional kitchen, bathroom laundry combined even a carport for your car. Never been here before You are going to fall in love with the place, and when you do check out this beauty."
-
85%
$365K
4.6%
-$115,000
-$7,738
4.5%
2.7%
-12.8%
6.0%
Asking Price
$345,000
Estimated Purchase Price
$345,000
Stamp Duty
$15,770
Transfer Fee
$913
Conveyancing
$1,196
Deposit (10%)
$34,500
Reg. Mortgage
$129
LMI Premium
$7,627
Renovation Costs
-
Total Cash/Equity Required
$60,684
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
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
$9,439
$14,022
Interest Repayments
$20,493
$20,493
Net Cashflow Before Tax
-$11,054
-$6,471
Depreciation
-
-
Tax Offset
-$3,316
-$1,941
Net Cashflow After Tax
-$7,738
-$4,529
Assumptions
Year 1
Year 10
Property Value
6.8%
$245,640
$444,059
Loan Balance
I.O
$310,500
$310,500
-$64,860
$133,559
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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