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Try Picki for FREEConfidence
High
High
$650,000
Medium
$595,000
Low
$540,000
Confidence
Medium
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Try Picki for FREE-$30,000
-$16,356
3.2%
Asking Price
$625,000
Estimated Purchase Price
$625,000
Stamp Duty
$22,860
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$62,500
Reg. Mortgage
$164
LMI Premium
$16,094
Renovation Costs
-
Total Cash/Equity Required
$103,814
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,759
$20,115
Interest Repayments
$37,125
$37,125
Net Cashflow Before Tax
-$23,366
-$17,010
Depreciation
-
-
Tax Offset
-$7,010
-$5,103
Net Cashflow After Tax
-$16,356
-$11,907
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$635,460
$1,148,760
Loan Balance
I.O
$562,500
$562,500
$72,960
$586,260
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