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Try Picki for FREEConfidence
Medium to High
High
$2,200,000
Medium
$2,000,000
Low
$1,800,000
Confidence
Medium
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Try Picki for FREE-$305,000
-$75,654
1.6%
Asking Price
$2,050,000
Estimated Purchase Price
$2,305,000
Stamp Duty
$109,830
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$230,500
Reg. Mortgage
$164
LMI Premium
$65,134
Renovation Costs
-
Total Cash/Equity Required
$407,824
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
$136,917
$136,917
Net Cashflow Before Tax
-$108,078
-$95,306
Depreciation
-
-
Tax Offset
-$32,423
-$28,592
Net Cashflow After Tax
-$75,654
-$66,714
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$2,074,500
$2,074,500
$61,500
$1,786,880
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