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$795K
$162,139
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This charming rural property, perfectly located just 15 kilometers west of Echuca-Moama and near Torrumbarry, offers an expansive 9,202 square meter land. Built in 2006, it features a spacious four-bedroom, two-bathroom home with modern amenities like solar power, tank and dam water, and year-round comfort systems. The property includes vast storage options including a large workshop, an annex with a toilet, and is only 3 kilometers from the Murray River, providing ample recreational opportunities. A picturesque setting with established gardens enhances the allure of peaceful, rural living with practical accessibility to local services.
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77.8%
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-$9,478
4.4%
Asking Price
-
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,189
$19,371
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$13,541
-$7,359
Depreciation
-
-
Tax Offset
-$4,062
-$2,208
Net Cashflow After Tax
-$9,478
-$5,151
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Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
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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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projected
for 2024 to 2026
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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
