$299K
$46,502
Confidence
High
High
$315,000
Medium
$295,000
Low
$280,000
Confidence
Medium
"Renovators Delights, needs a positive attitude and a willingness for hard work. A Great opportunity as a FLIP for an investor or a Tradie. Asbestos 1950s built 3 x 1 on 696m2 size block Close to Schools and parks Less than 4 kms to City centre For a private viewing please contact Samantha Pitman on 0405 679 383 or email samantha.pitmanraywhite.com"
35.1%
44.1%
$368K
6.8%
-$5,000
-$5,869
5.5%
3.1%
-12.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$299,000
Estimated Purchase Price
$300,000
Stamp Duty
$8,835
Transfer Fee
$253
Conveyancing
$1,535
Deposit (10%)
$30,000
Reg. Mortgage
$203
LMI Premium
$5,126
Renovation Costs
-
Total Cash/Equity Required
$46,502
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+8.2% PA
$1,364
$1,942
Rates
+3.0% PA
$2,135
$2,786
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
$9,436
$14,122
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$8,384
-$3,698
Depreciation
-
-
Tax Offset
-$2,515
-$1,109
Net Cashflow After Tax
-$5,869
-$2,589
Assumptions
Year 1
Year 10
Property Value
6.8%
$315,060
$569,554
Loan Balance
I.O
$270,000
$270,000
$45,060
$299,554
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Retail Trade - 13.0%
Education and Training - 11.0%
Construction - 8.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply