$550K
$98,495
"Welcome to 640 Wentworth Road, Yelta the ideal property to create a comfortable family home or the opportunity to run your own business. The cosy 4bedroom home is situated on the outskirts of Merbein and only walking distance to the Murray River, boat ramp and bush walking tracks. Property Features include 11400m2 or 2.81 Acres land size Spacious bedrooms with built in robes Master bedroom with walk in robe and ensuite Two bathrooms Gas cooking Floor ducted heatingcooling system 125000l water holding tanks Established gardens Fenced Fully remote automated watering system Large tradie Shed Property Code 640"
Below are some similar properties in the area you may be interested in.
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80%
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-$125,000
-$12,509
4.0%
2.7%
-12.7%
6.0%
Asking Price
$550,000
Estimated Purchase Price
$550,000
Stamp Duty
$28,070
Transfer Fee
$1,393
Conveyancing
$1,196
Deposit (10%)
$55,000
Reg. Mortgage
$129
LMI Premium
$12,158
Renovation Costs
-
Total Cash/Equity Required
$98,496
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
$32,670
$32,670
Net Cashflow Before Tax
-$17,870
-$10,969
Depreciation
-
-
Tax Offset
-$5,361
-$3,291
Net Cashflow After Tax
-$12,509
-$7,679
Assumptions
Year 1
Year 10
Property Value
6.8%
$453,900
$820,543
Loan Balance
I.O
$495,000
$495,000
-$41,100
$325,543
Did you know you need to engage a conveyancer when buying a property?
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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