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$390K
$68,984
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$460,000
Medium
$420,000
Low
$380,000
Confidence
Medium
Discover a charming cottage in the heart of Echuca East, offering three cozy bedrooms and two bathrooms. The kitchen features a classic shaker style with an island bench, gas cooktops, and an electric oven, seamlessly connecting to the open-plan living area. Enjoy comfort with split-system heating and cooling. The main bedroom boasts a walk-in robe and ensuite. Outside, a secure backyard with a rustic entertaining space awaits. Despite flood damage from October 2022, this home offers great potential for renovation.
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80.7%
$710K
12.7%
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Try Picki for FREE$15,000
-$5,255
5.8%
Asking Price
$405,000
Estimated Purchase Price
$405,000
Stamp Duty
$19,370
Transfer Fee
$1,053
Conveyancing
$1,196
Deposit (10%)
$40,500
Reg. Mortgage
$129
LMI Premium
$8,953
Renovation Costs
-
Total Cash/Equity Required
$71,751
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,784
$2,328
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
$16,549
$24,153
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$7,508
$96
Depreciation
-
-
Tax Offset
-$2,252
$29
Net Cashflow After Tax
-$5,255
$67
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$364,500
$364,500
$84,060
$446,390
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Manufacturing - 13.0%
Agriculture, Forestry and Fishing - 13.0%
Retail Trade - 12.0%
Others - 47.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
