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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,425,000
Low
$1,350,000
Confidence
Medium
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Try Picki for FREE$20,000
-$26,621
3.9%
Asking Price
-
Estimated Purchase Price
$1,405,000
Stamp Duty
$61,313
Transfer Fee
$5,406
Conveyancing
$1,665
Deposit (10%)
$140,500
Reg. Mortgage
$224
LMI Premium
$43,537
Renovation Costs
-
Total Cash/Equity Required
$253,195
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$54,600
$77,713
Property Management
+7.7% PA
$4,204
$5,984
Rates
+3.0% PA
$1,318
$1,720
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
$45,427
$65,246
Interest Repayments
$83,457
$83,457
Net Cashflow Before Tax
-$38,030
-$18,211
Depreciation
-
-
Tax Offset
-$11,409
-$5,463
Net Cashflow After Tax
-$26,621
-$12,748
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,521,900
$2,751,233
Loan Balance
I.O
$1,264,500
$1,264,500
$257,400
$1,486,733
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