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Try Picki for FREE$60,000
-$25,234
4.2%
Asking Price
-
Estimated Purchase Price
$1,490,000
Stamp Duty
$66,200
Transfer Fee
$5,743
Conveyancing
$1,665
Deposit (10%)
$149,000
Reg. Mortgage
$224
LMI Premium
$46,171
Renovation Costs
-
Total Cash/Equity Required
$269,554
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
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
$52,457
$75,272
Interest Repayments
$88,506
$88,506
Net Cashflow Before Tax
-$36,049
-$13,234
Depreciation
-
-
Tax Offset
-$10,815
-$3,970
Net Cashflow After Tax
-$25,234
-$9,264
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,655,400
$2,992,569
Loan Balance
I.O
$1,341,000
$1,341,000
$314,400
$1,651,569