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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,350,000
Low
$1,200,000
Confidence
Medium
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Try Picki for FREE$20,000
-$28,542
3.5%
Asking Price
-
Estimated Purchase Price
$1,330,000
Stamp Duty
$57,000
Transfer Fee
$5,069
Conveyancing
$1,665
Deposit (10%)
$133,000
Reg. Mortgage
$224
LMI Premium
$41,213
Renovation Costs
-
Total Cash/Equity Required
$238,721
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+7.7% PA
$3,604
$5,129
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
$38,227
$54,999
Interest Repayments
$79,002
$79,002
Net Cashflow Before Tax
-$40,775
-$24,003
Depreciation
-
-
Tax Offset
-$12,232
-$7,201
Net Cashflow After Tax
-$28,542
-$16,802
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,197,000
$1,197,000
$244,800
$1,409,431
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