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$580K
$107,745
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Try Picki for FREEConfidence
High
High
$630,000
Medium
$610,000
Low
$590,000
Confidence
Medium
This modern, spacious 4-bedroom home on the corner of Davis Road and Leakes Road boasts an open-plan kitchen with stone bench tops, ample storage, walk-in pantry, and stainless steel appliances. The home includes a separate study, a low-maintenance yard, and features like downlights, an undermount sink, pendant lights, and modern black bath ware. Enjoy the convenience of ducted heating, split system air conditioning, and a remote-controlled garage. The property is within walking distance to Riverdale Village Shopping Centre and close to Tarneit Train Station and local schools.
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62.9%
$629K
4.6%
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-$11,431
4.4%
Asking Price
$610,000
Estimated Purchase Price
$610,000
Stamp Duty
$31,670
Transfer Fee
$1,533
Conveyancing
$1,196
Deposit (10%)
$61,000
Reg. Mortgage
$129
LMI Premium
$17,393
Renovation Costs
-
Total Cash/Equity Required
$113,471
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,789
$2,334
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
$19,904
$28,929
Interest Repayments
$36,234
$36,234
Net Cashflow Before Tax
-$16,330
-$7,305
Depreciation
-
-
Tax Offset
-$4,899
-$2,192
Net Cashflow After Tax
-$11,431
-$5,114
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$651,480
$1,177,721
Loan Balance
I.O
$549,000
$549,000
$102,480
$628,721
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Transport, Postal and Warehousing - 13.0%
Retail Trade - 13.0%
Manufacturing - 10.0%
Education and Training - 10.0%
Others - 54.0%
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
