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$690K
$144,962
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Try Picki for FREEConfidence
High
High
$690,000
Medium
$660,000
Low
$630,000
Confidence
Medium
Situated in Romsey's sought-after neighborhood, this home suits young families, downsizers, and investors. This property boasts a flexible floorplan with modern touches. The kitchen has stone benchtops and integrates with open-plan living and dining, extending to an alfresco area for year-round entertainment. There are four bedrooms including a master with ensuite, with a second living space for privacy. On a 917sqm block, it offers a large backyard, laundry, ducted heating, and internal garage access. Positioned conveniently to Melbourne Airport and CBD with local amenities and lifestyle attractions nearby.
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95%
$863K
3.6%
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Try Picki for FREE-$115,000
-$17,322
3.7%
Asking Price
$690,000
Estimated Purchase Price
$775,000
Stamp Duty
$41,570
Transfer Fee
$1,919
Conveyancing
$1,196
Deposit (10%)
$77,500
Reg. Mortgage
$129
LMI Premium
$22,098
Renovation Costs
-
Total Cash/Equity Required
$144,962
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,843
$2,405
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
$21,290
$30,908
Interest Repayments
$46,035
$46,035
Net Cashflow Before Tax
-$24,745
-$15,127
Depreciation
-
-
Tax Offset
-$7,424
-$4,538
Net Cashflow After Tax
-$17,322
-$10,589
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$704,880
$1,274,255
Loan Balance
I.O
$697,500
$697,500
$7,380
$576,755
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
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
