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Try Picki for FREEConfidence
High
High
$970,000
Medium
$920,000
Low
$870,000
Confidence
Medium
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Try Picki for FREE$55,000
-$17,456
3.9%
Asking Price
-
Estimated Purchase Price
$865,000
Stamp Duty
$31,950
Transfer Fee
$3,131
Conveyancing
$1,665
Deposit (10%)
$86,500
Reg. Mortgage
$224
LMI Premium
$24,425
Renovation Costs
-
Total Cash/Equity Required
$148,446
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,103
$1,439
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$26,443
$38,201
Interest Repayments
$51,381
$51,381
Net Cashflow Before Tax
-$24,938
-$13,180
Depreciation
-
-
Tax Offset
-$7,481
-$3,954
Net Cashflow After Tax
-$17,456
-$9,226
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$778,500
$778,500
$204,060
$997,735
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