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Try Picki for FREEConfidence
High
High
$2,500,000
Medium
$2,300,000
Low
$2,100,000
Confidence
Medium
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Try Picki for FREE-$290,000
-$70,703
2.4%
Asking Price
$2,300,000
Estimated Purchase Price
$2,590,000
Stamp Duty
$129,450
Transfer Fee
$10,378
Conveyancing
$1,665
Deposit (10%)
$259,000
Reg. Mortgage
$224
LMI Premium
$80,257
Renovation Costs
-
Total Cash/Equity Required
$481,524
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
$1,103
$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
$52,841
$75,773
Interest Repayments
$153,846
$153,846
Net Cashflow Before Tax
-$101,005
-$78,073
Depreciation
-
-
Tax Offset
-$30,301
-$23,422
Net Cashflow After Tax
-$70,703
-$54,651
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,456,400
$4,440,587
Loan Balance
I.O
$2,331,000
$2,331,000
$125,400
$2,109,587
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