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Try Picki for FREE$15,000
-$29,075
2.7%
Asking Price
-
Estimated Purchase Price
$1,060,000
Stamp Duty
$41,475
Transfer Fee
$3,932
Conveyancing
$1,665
Deposit (10%)
$106,000
Reg. Mortgage
$224
LMI Premium
$29,932
Renovation Costs
-
Total Cash/Equity Required
$183,778
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,429
$31,089
Interest Repayments
$62,964
$62,964
Net Cashflow Before Tax
-$41,535
-$31,875
Depreciation
-
-
Tax Offset
-$12,461
-$9,563
Net Cashflow After Tax
-$29,075
-$22,313
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,148,100
$2,075,492
Loan Balance
I.O
$954,000
$954,000
$194,100
$1,121,492