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Try Picki for FREE$5,000
-$19,760
3.7%
Asking Price
$989,000
Estimated Purchase Price
$915,000
Stamp Duty
$34,200
Transfer Fee
$3,342
Conveyancing
$1,665
Deposit (10%)
$91,500
Reg. Mortgage
$224
LMI Premium
$25,837
Renovation Costs
-
Total Cash/Equity Required
$157,319
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,122
$37,782
Interest Repayments
$54,351
$54,351
Net Cashflow Before Tax
-$28,229
-$16,569
Depreciation
-
-
Tax Offset
-$8,469
-$4,971
Net Cashflow After Tax
-$19,760
-$11,598
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$823,500
$823,500
$159,060
$952,735