$640K
$106,791
"Located only a short drive from Horsham, this charming family home offers ample space inside and out, making it perfect for a growing family or those seeking a lifestyle property. Four bedrooms, each featuring builtin robes Two renovated bathrooms Lightfilled kitchen and dining area with electric cooking facilities and a walkin pantry Two spacious living areas, one located near the kitchen and the other located in the west wing of the house Additional features include a home officestudy and a sunroom that could be converted into a third living area Year round comfort is ensured by evaporative cooling, split system heating and cooling and a wood heater. Outside, there is a large shed with concrete floors, several smaller sheds, and animal pens The property also includes a separate paddock adjacent to the house Land size Approx. 4.59ha Source PriceFinder Zoning Farming Zone FZ Investors, please note that minimum rental standards now apply in Victoria httpswww.consumer.vic.gov.auhousingrentingrepairsalterationssafetyandpetsminimumstandardsminimumstandardsforrentalproperties"
Below are some similar properties in the area you may be interested in.
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93%
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$140,000
-$9,750
4.8%
3.6%
-8.9%
6.0%
Asking Price
$640,000
Estimated Purchase Price
$590,000
Stamp Duty
$30,470
Transfer Fee
$1,486
Conveyancing
$1,196
Deposit (10%)
$59,000
Reg. Mortgage
$129
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$109,654
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$2,015
$2,629
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
$21,118
$30,683
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$13,928
-$4,363
Depreciation
-
-
Tax Offset
-$4,178
-$1,309
Net Cashflow After Tax
-$9,750
-$3,054
Assumptions
Year 1
Year 10
Property Value
6.8%
$779,640
$1,409,404
Loan Balance
I.O
$531,000
$531,000
$248,640
$878,404
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 8.0%
Accommodation and Food Services - 7.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price