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$499K
$95,183
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High
-
Medium
-
Low
-
Confidence
Discover a well-maintained A-frame residence, successfully leased until November 2024. This charming home offers a master retreat on the mezzanine level, complete with an ensuite. The open-plan living area boasts high ceilings and a modern kitchen. Downstairs, find three queen-sized bedrooms, a laundry, and a regrouted bathroom. Enjoy outdoor living with a wraparound veranda. Additional features include a garden shed with a bathroom, bore, and auto reticulation. Set in a secure, strata-titled property, this home is conveniently located near the beach, tavern, and shopping precinct.
Trusted by over 13k property buyers and counting...
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64.7%
$580K
4.1%
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Try Picki for FREE-$85,000
-$14,135
3.5%
Asking Price
$499,000
Estimated Purchase Price
$560,000
Stamp Duty
$20,615
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$56,000
Reg. Mortgage
$203
LMI Premium
$15,968
Renovation Costs
-
Total Cash/Equity Required
$95,184
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+8.2% PA
$1,620
$2,306
Rates
+3.0% PA
$1,364
$1,780
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
$13,071
$19,205
Interest Repayments
$33,264
$33,264
Net Cashflow Before Tax
-$20,193
-$14,059
Depreciation
-
-
Tax Offset
-$6,058
-$4,218
Net Cashflow After Tax
-$14,135
-$9,842
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$504,000
$504,000
$3,300
$413,078
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 45.0%
Construction - 8.0%
Retail Trade - 6.0%
Accommodation and Food Services - 5.0%
Others - 36.0%
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
