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Try Picki for FREE$30,000
-$10,702
4.5%
Asking Price
$549,000
Estimated Purchase Price
$550,000
Stamp Duty
$17,775
Transfer Fee
$1,783
Conveyancing
$1,665
Deposit (10%)
$55,000
Reg. Mortgage
$224
LMI Premium
$12,041
Renovation Costs
-
Total Cash/Equity Required
$89,038
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,700
$35,156
Property Management
+7.7% PA
$1,902
$2,707
Rates
+3.0% PA
$1,766
$2,304
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
$17,381
$25,381
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$15,289
-$7,289
Depreciation
-
-
Tax Offset
-$4,587
-$2,187
Net Cashflow After Tax
-$10,702
-$5,102
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$495,000
$495,000
$124,440
$624,800