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High
High
$330,000
Medium
$299,000
Low
$270,000
Confidence
Medium
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-$3,850
6.1%
Asking Price
$299,000
Estimated Purchase Price
$300,000
Stamp Duty
$8,745
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$30,000
Reg. Mortgage
$164
LMI Premium
$4,629
Renovation Costs
-
Total Cash/Equity Required
$45,734
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
$1,102
$1,438
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$12,320
$18,066
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$5,500
$246
Depreciation
-
-
Tax Offset
-$1,650
$74
Net Cashflow After Tax
-$3,850
$172
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$270,000
$270,000
$50,400
$309,207
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