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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,350,000
Low
$1,200,000
Confidence
Medium
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Try Picki for FREE$55,000
-$33,656
2.8%
Asking Price
-
Estimated Purchase Price
$1,295,000
Stamp Duty
$54,988
Transfer Fee
$4,943
Conveyancing
$1,665
Deposit (10%)
$129,500
Reg. Mortgage
$224
LMI Premium
$40,128
Renovation Costs
-
Total Cash/Equity Required
$231,998
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
Rates
+3.0% PA
$1,103
$1,439
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
$28,843
$41,616
Interest Repayments
$76,923
$76,923
Net Cashflow Before Tax
-$48,080
-$35,307
Depreciation
-
-
Tax Offset
-$14,424
-$10,592
Net Cashflow After Tax
-$33,656
-$24,715
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,165,500
$1,165,500
$276,300
$1,440,931