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Try Picki for FREE$15,000
-$20,985
4.0%
Asking Price
-
Estimated Purchase Price
$1,105,000
Stamp Duty
$44,063
Transfer Fee
$4,142
Conveyancing
$1,665
Deposit (10%)
$110,500
Reg. Mortgage
$224
LMI Premium
$31,202
Renovation Costs
-
Total Cash/Equity Required
$192,347
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+7.7% PA
$3,403
$4,844
Rates
+3.0% PA
$1,487
$1,940
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
$35,659
$51,362
Interest Repayments
$65,637
$65,637
Net Cashflow Before Tax
-$29,978
-$14,275
Depreciation
-
-
Tax Offset
-$8,994
-$4,282
Net Cashflow After Tax
-$20,985
-$9,992
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,196,160
$2,162,373
Loan Balance
I.O
$994,500
$994,500
$201,660
$1,167,873
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