$820K
$168,819
"This nearnew home, only six months old, is perfectly situated in the soughtafter Lakes Tyers Beach community. Just a short stroll from the Waterwheel Beach Tavern, The General Caf, and the scenic beaches and waterways of Lake Tyers Beach, this property offers both convenience and coastal charm. The home features highquality finishes throughout and a thoughtfully designed floor plan. The spacious kitchen is equipped with ample storage, a dishwasher, and a walkin pantry, seamlessly flowing into the openplan living area. This space is warmed by a wood heater and extends to a generous undercover alfresco area, complete with ceiling fansideal for yearround entertaining. The property boasts four sizeable bedrooms, each with builtin robes, including a master suite with a walkin robe and ensuite. Additional features include a double garage and side access for boats or caravans. Dont miss out on this opportunitycontact Renee Shine on 0418 485 498 today For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist"
-
92.7%
-
-
-$110,000
-$21,517
3.3%
2.5%
-13.0%
6.0%
Asking Price
$820,000
Estimated Purchase Price
$880,000
Stamp Duty
$47,870
Transfer Fee
$2,165
Conveyancing
$1,196
Deposit (10%)
$88,000
Reg. Mortgage
$129
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$165,001
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
$1,599
$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
$21,534
$31,226
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$30,738
-$21,046
Depreciation
-
-
Tax Offset
-$9,221
-$6,314
Net Cashflow After Tax
-$21,517
-$14,732
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$792,000
$792,000
$30,360
$694,631
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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 Days of Supply
Sold Price
Asking Price