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Try Picki for FREEConfidence
High
High
$1,200,000
Medium
$1,120,000
Low
$1,040,000
Confidence
Medium
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Try Picki for FREE-$10,000
-$21,758
3.9%
Asking Price
$1,190,000
Estimated Purchase Price
$1,130,000
Stamp Duty
$45,585
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$113,000
Reg. Mortgage
$164
LMI Premium
$31,931
Renovation Costs
-
Total Cash/Equity Required
$192,876
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+7.7% PA
$3,403
$4,844
Rates
+3.0% PA
$1,381
$1,802
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
$36,039
$51,858
Interest Repayments
$67,122
$67,122
Net Cashflow Before Tax
-$31,083
-$15,264
Depreciation
-
-
Tax Offset
-$9,325
-$4,579
Net Cashflow After Tax
-$21,758
-$10,685
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,196,160
$2,162,373
Loan Balance
I.O
$1,017,000
$1,017,000
$179,160
$1,145,373
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