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Try Picki for FREEConfidence
High
High
$1,700,000
Medium
$1,550,000
Low
$1,400,000
Confidence
Medium
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Try Picki for FREE$25,000
-$26,571
4.1%
Asking Price
-
Estimated Purchase Price
$1,525,000
Stamp Duty
$68,213
Transfer Fee
$5,912
Conveyancing
$1,665
Deposit (10%)
$152,500
Reg. Mortgage
$224
LMI Premium
$47,255
Renovation Costs
-
Total Cash/Equity Required
$276,319
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
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
$52,626
$75,493
Interest Repayments
$90,585
$90,585
Net Cashflow Before Tax
-$37,959
-$15,092
Depreciation
-
-
Tax Offset
-$11,388
-$4,528
Net Cashflow After Tax
-$26,571
-$10,565
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,655,400
$2,992,569
Loan Balance
I.O
$1,372,500
$1,372,500
$282,900
$1,620,069
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