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Try Picki for FREE$55,000
-$35,155
2.9%
Asking Price
-
Estimated Purchase Price
$1,365,000
Stamp Duty
$59,013
Transfer Fee
$5,238
Conveyancing
$1,665
Deposit (10%)
$136,500
Reg. Mortgage
$224
LMI Premium
$42,297
Renovation Costs
-
Total Cash/Equity Required
$245,487
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$30,859
$44,531
Interest Repayments
$81,081
$81,081
Net Cashflow Before Tax
-$50,222
-$36,550
Depreciation
-
-
Tax Offset
-$15,067
-$10,965
Net Cashflow After Tax
-$35,155
-$25,585
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,516,560
$2,741,580
Loan Balance
I.O
$1,228,500
$1,228,500
$288,060
$1,513,080