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Try Picki for FREEConfidence
High
High
$990,000
Medium
$955,000
Low
$920,000
Confidence
Medium
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Try Picki for FREE$15,000
-$17,215
4.2%
Asking Price
-
Estimated Purchase Price
$940,000
Stamp Duty
$35,325
Transfer Fee
$3,426
Conveyancing
$1,665
Deposit (10%)
$94,000
Reg. Mortgage
$224
LMI Premium
$26,543
Renovation Costs
-
Total Cash/Equity Required
$161,734
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
$1,103
$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
$31,243
$45,032
Interest Repayments
$55,836
$55,836
Net Cashflow Before Tax
-$24,593
-$10,804
Depreciation
-
-
Tax Offset
-$7,378
-$3,241
Net Cashflow After Tax
-$17,215
-$7,563
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,019,940
$1,843,809
Loan Balance
I.O
$846,000
$846,000
$173,940
$997,809
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