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Try Picki for FREEConfidence
High
High
$900,000
Medium
$825,000
Low
$750,000
Confidence
Medium
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Try Picki for FREE$40,000
-$11,171
5.0%
Asking Price
$850,000
Estimated Purchase Price
$785,000
Stamp Duty
$28,350
Transfer Fee
$2,794
Conveyancing
$1,665
Deposit (10%)
$78,500
Reg. Mortgage
$224
LMI Premium
$22,166
Renovation Costs
-
Total Cash/Equity Required
$134,250
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,676
$2,187
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
$30,670
$44,284
Interest Repayments
$46,629
$46,629
Net Cashflow Before Tax
-$15,959
-$2,345
Depreciation
-
-
Tax Offset
-$4,788
-$703
Net Cashflow After Tax
-$11,171
-$1,641
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$881,100
$1,592,819
Loan Balance
I.O
$706,500
$706,500
$174,600
$886,319
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