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Try Picki for FREEConfidence
High
High
$1,000,000
Medium
$961,515
Low
$920,000
Confidence
Medium
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Try Picki for FREE-$55,000
-$26,927
2.9%
Asking Price
$948,000
Estimated Purchase Price
$1,015,000
Stamp Duty
$40,860
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$101,500
Reg. Mortgage
$152
LMI Premium
$28,941
Renovation Costs
-
Total Cash/Equity Required
$174,084
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$29,120
$41,447
Property Management
+8.8% PA
$2,563
$3,647
Rates
+3.0% PA
$1,533
$2,000
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$21,824
$31,624
Interest Repayments
$60,291
$60,291
Net Cashflow Before Tax
-$38,467
-$28,667
Depreciation
-
-
Tax Offset
-$11,540
-$8,600
Net Cashflow After Tax
-$26,927
-$20,067
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,025,280
$1,853,462
Loan Balance
I.O
$913,500
$913,500
$111,780
$939,962
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