$535K
$95,728
"A spacious family home set on an acre of land with a huge shed Boasting 4 generous bedrooms and 3 bathrooms, a modern updated kitchen with stone bench tops and ample storage with dishwasher and island bench adjoining the dining area, and a massive lounge room with office or play area. Freshly painted throughout and new flooring its ready to move in an enjoy the lifestyle Evaporative ducted air conditioning, gas heating, new HWS, ceiling fans and 5 KW solar. Step outside to the expansive green established yard that is fully fenced. A 4 car carport and the ever important shed, 7m x 15m, with floor lights power plus a cosy wood heater and bar Located just minutes from Merbein, with a choice of schools close, plenty of rural water and settling tank with pump and rainwater storage."
Below are some similar properties in the area you may be interested in.
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89.7%
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-$65,000
-$11,885
4.1%
2.8%
-12.4%
6.0%
Asking Price
$535,000
Estimated Purchase Price
$535,000
Stamp Duty
$27,170
Transfer Fee
$1,358
Conveyancing
$1,196
Deposit (10%)
$53,500
Reg. Mortgage
$129
LMI Premium
$11,827
Renovation Costs
-
Total Cash/Equity Required
$95,729
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$2,093
$2,731
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
$14,800
$21,701
Interest Repayments
$31,779
$31,779
Net Cashflow Before Tax
-$16,979
-$10,078
Depreciation
-
-
Tax Offset
-$5,094
-$3,024
Net Cashflow After Tax
-$11,885
-$7,055
Assumptions
Year 1
Year 10
Property Value
6.8%
$501,960
$907,424
Loan Balance
I.O
$481,500
$481,500
$20,460
$425,924
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Retail Trade - 13.0%
Agriculture, Forestry and Fishing - 10.0%
Education and Training - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price