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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
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Try Picki for FREE$10,000
-$12,693
4.2%
Asking Price
$639,000
Estimated Purchase Price
$640,000
Stamp Duty
$21,825
Transfer Fee
$2,162
Conveyancing
$1,665
Deposit (10%)
$64,000
Reg. Mortgage
$224
LMI Premium
$18,072
Renovation Costs
-
Total Cash/Equity Required
$108,499
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,424
$1,858
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
$19,883
$28,901
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$18,133
-$9,115
Depreciation
-
-
Tax Offset
-$5,440
-$2,734
Net Cashflow After Tax
-$12,693
-$6,380
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$576,000
$576,000
$118,200
$678,948
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