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Try Picki for FREEConfidence
High
High
$1,200,000
Medium
$1,120,000
Low
$1,040,000
Confidence
Medium
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Try Picki for FREE$15,000
-$12,803
5.1%
Asking Price
-
Estimated Purchase Price
$1,105,000
Stamp Duty
$44,063
Transfer Fee
$4,142
Conveyancing
$1,665
Deposit (10%)
$110,500
Reg. Mortgage
$224
LMI Premium
$31,202
Renovation Costs
-
Total Cash/Equity Required
$192,347
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$56,680
$80,673
Property Management
+7.7% PA
$4,364
$6,212
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
$47,347
$67,978
Interest Repayments
$65,637
$65,637
Net Cashflow Before Tax
-$18,290
$2,341
Depreciation
-
-
Tax Offset
-$5,487
$702
Net Cashflow After Tax
-$12,803
$1,639
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,196,160
$2,162,373
Loan Balance
I.O
$994,500
$994,500
$201,660
$1,167,873
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