$600K
$102,224
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
This enticing opportunity features a 4-bedroom, 1-bathroom brick home situated on a 774 sqm corner block in Middle Swan, zoned R20/35. The property offers both substantial living space and investment potential. With open-plan living comprising a lounge, dining, and kitchen, complemented by reverse cycle air conditioning, it promises comfortable residence. Ideal for upsizing or investing, the block holds potential for future subdivision, especially when combined with the neighboring property available for purchase. With its current rental income stream, the home and its spacious fenced yard present prime opportunity for savvy investors.
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57.1%
$501K
5.9%
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Try Picki for FREE$50,000
-$618
7.4%
Asking Price
$600,000
Estimated Purchase Price
$600,000
Stamp Duty
$22,515
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$60,000
Reg. Mortgage
$203
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$102,224
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+8.2% PA
$3,624
$5,159
Rates
+3.0% PA
$2,113
$2,757
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$34,758
$50,161
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$882
$14,521
Depreciation
-
-
Tax Offset
-$265
$4,356
Net Cashflow After Tax
-$618
$10,164
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$540,000
$540,000
$154,200
$714,948
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2021 Population
Suburbs
Retail Trade - 11.0%
Manufacturing - 10.0%
Construction - 10.0%
Health Care and Social Assistance - 9.0%
Others - 60.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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