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Try Picki for FREEConfidence
High
High
$950,000
Medium
$898,803
Low
$850,000
Confidence
Medium
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Try Picki for FREE$15,000
-$16,611
4.1%
Asking Price
-
Estimated Purchase Price
$885,000
Stamp Duty
$34,560
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$88,500
Reg. Mortgage
$164
LMI Premium
$22,789
Renovation Costs
-
Total Cash/Equity Required
$148,209
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
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
$28,839
$41,611
Interest Repayments
$52,569
$52,569
Net Cashflow Before Tax
-$23,730
-$10,958
Depreciation
-
-
Tax Offset
-$7,119
-$3,287
Net Cashflow After Tax
-$16,611
-$7,670
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$796,500
$796,500
$164,700
$941,121
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