$420K
$74,517
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Try Picki for FREEConfidence
High
-
Medium
-
Low
-
Confidence
This spacious 296m2 unit sits prominently at the front of a five-unit complex. Offering three bedrooms with sleek built-in sliding robes, it ensures ample storage for a clutter-free environment. The naturally lit main bathroom is outfitted with a shower, bath, and large vanity, promising comfort and functionality. The open-plan living area flows seamlessly into a modern kitchen highlighted by stainless steel appliances, a dishwasher, and a welcoming breakfast bar. Outside, a petite yet inviting courtyard provides the perfect setting for relaxation or entertaining. Conveniently located, it affords a short drive to the CBD and a leisurely walk to the scenic bushwalking tracks along the Murray River. Currently, this property is rented at $370 per week with a reliable long-term tenant.
Trusted by over 13k property buyers and counting...
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66.1%
$505K
5.1%
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Try Picki for FREE$30,000
-$8,231
4.7%
Asking Price
$420,000
Estimated Purchase Price
$420,000
Stamp Duty
$20,270
Transfer Fee
$1,089
Conveyancing
$1,196
Deposit (10%)
$42,000
Reg. Mortgage
$129
LMI Premium
$9,285
Renovation Costs
-
Total Cash/Equity Required
$74,518
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
$24,948
$24,948
Net Cashflow Before Tax
-$11,759
-$5,577
Depreciation
-
-
Tax Offset
-$3,528
-$1,673
Net Cashflow After Tax
-$8,231
-$3,904
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$378,000
$378,000
$102,600
$490,810
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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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Trusted by over 13,000 property buyers and counting...
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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