$385K
$68,061
"Seize the opportunity to own a prime piece of coastal real estate just a few streets back from the renowned 90Mile Beach This exceptional 3bedroom home is not only a seaside sanctuary but also an investors dream, with a reliable tenant already in place, making it a hasslefree addition to your portfolio. The wellmaintained property ensures minimal upkeep for landlords, making it an ideal investment for those looking to add a hasslefree asset to their portfolio. Spend less time on property management and more time enjoying the benefits of a smart investment. Arrange your private viewing today and witness first hand the investment potential that awaits Contact us today to schedule a private viewing and explore the potential of this prime investment property."
-
85%
$365K
4.6%
-$95,000
-$8,729
4.3%
2.7%
-12.8%
6.0%
Asking Price
$385,000
Estimated Purchase Price
$385,000
Stamp Duty
$18,170
Transfer Fee
$1,007
Conveyancing
$1,196
Deposit (10%)
$38,500
Reg. Mortgage
$129
LMI Premium
$8,511
Renovation Costs
-
Total Cash/Equity Required
$68,062
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
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
$10,399
$15,389
Interest Repayments
$22,869
$22,869
Net Cashflow Before Tax
-$12,470
-$7,480
Depreciation
-
-
Tax Offset
-$3,741
-$2,244
Net Cashflow After Tax
-$8,729
-$5,236
Assumptions
Year 1
Year 10
Property Value
6.8%
$309,720
$559,900
Loan Balance
I.O
$346,500
$346,500
-$36,780
$213,400
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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
Below are some similar properties in the area you may be interested in.