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Try Picki for FREE$30,000
-$41,955
2.6%
Asking Price
$1,695,000
Estimated Purchase Price
$1,570,000
Stamp Duty
$70,800
Transfer Fee
$6,080
Conveyancing
$1,665
Deposit (10%)
$157,000
Reg. Mortgage
$224
LMI Premium
$48,650
Renovation Costs
-
Total Cash/Equity Required
$284,970
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
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
$33,322
$48,029
Interest Repayments
$93,258
$93,258
Net Cashflow Before Tax
-$59,936
-$45,229
Depreciation
-
-
Tax Offset
-$17,981
-$13,569
Net Cashflow After Tax
-$41,955
-$31,660
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,708,800
$3,089,104
Loan Balance
I.O
$1,413,000
$1,413,000
$295,800
$1,676,104