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Try Picki for FREEConfidence
High
High
$3,800,000
Medium
$3,600,000
Low
$3,400,000
Confidence
Medium
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Try Picki for FREE-$200,000
-$77,608
3.4%
Asking Price
$3,800,000
Estimated Purchase Price
$3,800,000
Stamp Duty
$199,025
Transfer Fee
$15,475
Conveyancing
$1,665
Deposit (10%)
$380,000
Reg. Mortgage
$224
LMI Premium
$117,751
Renovation Costs
-
Total Cash/Equity Required
$714,691
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$130,000
$185,031
Property Management
+7.7% PA
$10,010
$14,247
Rates
+3.0% PA
$1,487
$1,940
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
$114,852
$164,079
Interest Repayments
$225,720
$225,720
Net Cashflow Before Tax
-$110,868
-$61,641
Depreciation
-
-
Tax Offset
-$33,260
-$18,492
Net Cashflow After Tax
-$77,608
-$43,149
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$3,844,800
$6,950,484
Loan Balance
I.O
$3,420,000
$3,420,000
$424,800
$3,530,484
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