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Try Picki for FREEConfidence
High
High
$1,200,000
Medium
$1,120,000
Low
$1,040,000
Confidence
Medium
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Try Picki for FREE-$145,000
-$26,246
3.7%
Asking Price
$1,200,000
Estimated Purchase Price
$1,265,000
Stamp Duty
$53,263
Transfer Fee
$4,816
Conveyancing
$1,665
Deposit (10%)
$126,500
Reg. Mortgage
$224
LMI Premium
$39,199
Renovation Costs
-
Total Cash/Equity Required
$226,217
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+7.7% PA
$3,604
$5,129
Rates
+3.0% PA
$1,898
$2,476
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
$37,647
$54,242
Interest Repayments
$75,141
$75,141
Net Cashflow Before Tax
-$37,494
-$20,899
Depreciation
-
-
Tax Offset
-$11,248
-$6,270
Net Cashflow After Tax
-$26,246
-$14,629
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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
$1,138,500
$1,138,500
$57,660
$1,023,873
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