$690K
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"Located within the popular seaside village of Lake Tyers Beach and only minuteswalk to the Red Bluff 90 Mile Surf Beach is the ideal threebedroom home sitting on just over one acre. With room to move this home includes three excellent sized bedrooms, open plan family dining room with wood heating, split system and cathedral ceilings, main bathroom with shower and separate bath, wellappointed timber kitchen and under cover verandah surrounding three sides of the home. This property has excellent shedding and workshop which includes under cover parking for at least four vehicles, solar panels to help reduce your power bills, manicured parklike surrounds, outdoor undercover entertaining area and other extra shedding. Asa well as being close to the beach this home is also within close proximity to the Toorloo Arm Primary School and a short drive to the Popular seaside township of Lakes Entrance. For full details and inspections by appointment, contact exclusive selling agents Gary Henry Real Estate today"
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Asking Price
$725,000
Estimated Purchase Price
$780,000
Stamp Duty
$41,870
Transfer Fee
$1,931
Conveyancing
$1,196
Deposit (10%)
$78,000
Reg. Mortgage
$129
LMI Premium
$22,241
Renovation Costs
-
Total Cash/Equity Required
$145,916
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
$1,599
$2,086
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
$16,734
$24,395
Interest Repayments
$46,332
$46,332
Net Cashflow Before Tax
-$29,598
-$21,937
Depreciation
-
-
Tax Offset
-$8,879
-$6,581
Net Cashflow After Tax
-$20,718
-$15,356
Assumptions
Year 1
Year 10
Property Value
6.8%
$774,300
$1,399,750
Loan Balance
I.O
$702,000
$702,000
$72,300
$697,750
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Accommodation and Food Services - 9.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price