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Try Picki for FREEConfidence
Medium
High
$340,000
Medium
$280,000
Low
$220,000
Confidence
Low
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+
26.9%
Asking Price
$289,000
Estimated Purchase Price
$290,000
Stamp Duty
$10,855
Transfer Fee
$2,627
Conveyancing
$1,226
Deposit (10%)
$29,000
Reg. Mortgage
$187
LMI Premium
$5,003
Renovation Costs
-
Total Cash/Equity Required
$49,448
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
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
$67,035
$96,000
Interest Repayments
$17,226
$17,226
Net Cashflow Before Tax
$49,809
$78,774
Depreciation
-
-
Tax Offset
$14,943
$23,632
Net Cashflow After Tax
$34,866
$55,141
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$299,040
$540,593
Loan Balance
I.O
$261,000
$261,000
$38,040
$279,593
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