23 Frances Street
Balaklava
SA
5461
Australia
House
5 /23 Francis Street
Select Investment Property:
Physical Attributes
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Status:
Available
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Compass:
North of Adelaide
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Aspect:
East
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Title:
Community
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Bedrooms:
3
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Bathrooms:
2 (0 Ensuite)
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House Area:
181.18
sqm
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Land Area:
435
sqm
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Views:
No
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Furniture Package:
No
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Parking:
2 Garage
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Start Date:
01/01/2011
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Completion Date:
01/10/2011
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Special Needs:
No
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On-Site Manager:
No
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Inspection Times:
Appointment Only
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Investment Property Overview
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These brand new homes provide for a complete turnkey investment package with tenants moving in this month, constructed by a national builder they all come with warranty and superior after sales service.
Balaklava is a rural town about 90km north of Adelaide located on the the banks of the Wakefield River, only a few minutes drive from Port Wakefield. The area supports a number of large employers including Inghams Poultry, Balco Group and Primo Meats and is seeing an incredibly low vacancy rate.
Located within the towns newest land release the subdivision is well established and most of the lots are already occupied with new homes.
Each House and Land package includes 3 bedrooms, Double Garages, Air Conditioning, Window Blinds, Concrete Driveways and paths, together with landscaping that will allow for the tenant to occupy without the need for any further expense.
The transaction involves a single contract, a $5,000 deposit will secure the contract and settlement can happen this month.
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Growth Information for
5461
Who Pays in the First Year
Average per year over 10 Years
Cash Flow Table
| Cash Flow | 1yr | 2yr | 3yr | 5yr | 10yr | Average |
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| Gross Rent | $9,585 | $9,930 | $10,287 | $11,041 | $13,177 | $11,296 | | Interest | $14,248 | $14,248 | $14,248 | $14,248 | $14,248 | $14,248 | | Expenses | $4,398 | $4,556 | $4,720 | $5,066 | $6,046 | $5,183 | | Pre-Tax Cash Flow | -$9,061 | -$8,875 | -$8,681 | -$8,273 | -$7,117 | -$8,135 | | | | Building Depreciation | $3,200 | $3,200 | $3,200 | $3,200 | $3,200 | $3,200 | | Fittings Depreciation | $4,800 | $2,800 | $1,800 | $1,800 | $800 | $1,700 | | Interest | $14,248 | $14,248 | $14,248 | $14,248 | $14,248 | $14,248 | | Expenses | $4,398 | $4,556 | $4,720 | $5,066 | $6,046 | $5,183 | | Loan Costs | $218 | $218 | $218 | $218 | n.a. | n.a. | | Total Deductions | $26,864 | $25,022 | $24,186 | $24,532 | $24,294 | $24,440 | | Tax Loss | -$17,279 | -$15,093 | -$13,899 | -$13,491 | -$11,117 | -$13,144 | | (Rent - Deductions) | | | | Tax Credits | $5,793 | $5,318 | $5,164 | $5,194 | $4,280 | $4,907 | | NRAS Credits | $9,232 | $9,565 | $9,909 | $10,635 | $12,693 | $10,881 | | Total Credits | $15,025 | $14,883 | $15,074 | $15,830 | $16,973 | $15,788 | | | | Annual Cash | $5,964 | $6,009 | $6,392 | $7,556 | $9,855 | $7,653 | | Weekly Cash | $115 | $116 | $123 | $145 | $190 | $147 | | | | Cap. Growth & Equity | 1yr | 2yr | 3yr | 5yr | 10yr | |
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| Property Value | $276,249 | $294,648 | $314,271 | $357,526 | $493,532 | - | | Loan Amount | $219,198 | $219,198 | $219,198 | $219,198 | $219,198 | - | | Equity | $57,051 | $75,450 | $95,073 | $138,328 | $274,334 | - | | | | Cash Invested | $45,836 | $39,827 | $33,435 | $18,819 | -$24,726 | - |
Investment Information
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