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Try Picki for FREEConfidence
High
High
$1,240,000
Medium
$1,100,000
Low
$960,000
Confidence
N/A
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Try Picki for FREE$20,000
-$48,378
-
Asking Price
$1,200,000
Estimated Purchase Price
$1,080,000
Stamp Duty
$53,230
Transfer Fee
$10,211
Conveyancing
$1,226
Deposit (10%)
$108,000
Reg. Mortgage
$187
LMI Premium
$31,093
Renovation Costs
-
Total Cash/Equity Required
$204,497
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,438
$1,876
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,959
-$6,470
Interest Repayments
$64,152
$64,152
Net Cashflow Before Tax
-$69,111
-$70,622
Depreciation
-
-
Tax Offset
-$20,733
-$21,187
Net Cashflow After Tax
-$48,378
-$49,436
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,174,800
$2,123,759
Loan Balance
I.O
$972,000
$972,000
$202,800
$1,151,759
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