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Try Picki for FREE$40,000
-$14,479
4.3%
Asking Price
$841,321
Estimated Purchase Price
$780,000
Stamp Duty
$28,125
Transfer Fee
$2,752
Conveyancing
$1,665
Deposit (10%)
$78,000
Reg. Mortgage
$224
LMI Premium
$22,025
Renovation Costs
-
Total Cash/Equity Required
$133,342
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
$1,898
$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
$25,648
$37,163
Interest Repayments
$46,332
$46,332
Net Cashflow Before Tax
-$20,684
-$9,169
Depreciation
-
-
Tax Offset
-$6,205
-$2,751
Net Cashflow After Tax
-$14,479
-$6,418
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$702,000
$702,000
$173,760
$881,166