$630K
$129,694
"Discover this fourbedroom, twobathroom home located on Merry Street in the welcoming town of Maffra. Built in 2021, this property offers a blend of contemporary design and comfort, perfect for families seeking a serene lifestyle. The spacious floor plan includes an inviting living area and a wellappointed kitchen featuring a walkin pantry, ensuring ample storage for all your culinary needs. Maffra is known for its friendly community and rich history, making it an ideal place to call home. The town provides easy access to essential amenities and recreational facilities. Families will appreciate the proximity to local schools such as Maffra Primary School and Maffra Secondary College, ensuring quality education is just a short drive away. Enjoy leisurely weekends exploring the nearby parks and engaging in the community. This property also boasts practical features like ducted heating, split system air conditioning, and a fully fenced yard that offers privacy and security. The outdoor entertaining area is perfect for hosting gatherings or simply relaxing with loved ones. Act now to secure your future in this delightful Maffra residence"
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91.5%
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-$230,000
-$19,779
2.7%
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Asking Price
$630,000
Estimated Purchase Price
$675,000
Stamp Duty
$35,570
Transfer Fee
$1,685
Conveyancing
$1,196
Deposit (10%)
$67,500
Reg. Mortgage
$129
LMI Premium
$19,247
Renovation Costs
-
Total Cash/Equity Required
$125,876
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,695
$2,212
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
$11,839
$17,438
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$28,256
-$22,657
Depreciation
-
-
Tax Offset
-$8,477
-$6,797
Net Cashflow After Tax
-$19,779
-$15,860
Assumptions
Year 1
Year 10
Property Value
6.8%
$475,260
$859,157
Loan Balance
I.O
$607,500
$607,500
-$132,240
$251,657
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price