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Try Picki for FREEConfidence
High
High
$440,000
Medium
$410,000
Low
$380,000
Confidence
High
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Try Picki for FREE$20,000
-$5,924
5.5%
Asking Price
$420,000
Estimated Purchase Price
$390,000
Stamp Duty
$18,470
Transfer Fee
$1,018
Conveyancing
$1,196
Deposit (10%)
$39,000
Reg. Mortgage
$129
LMI Premium
$8,621
Renovation Costs
-
Total Cash/Equity Required
$68,984
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,320
$30,345
Property Management
+7.7% PA
$1,642
$2,337
Rates
+3.0% PA
$1,710
$2,231
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$14,703
$21,517
Interest Repayments
$23,166
$23,166
Net Cashflow Before Tax
-$8,463
-$1,649
Depreciation
-
-
Tax Offset
-$2,539
-$495
Net Cashflow After Tax
-$5,924
-$1,154
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$437,880
$791,583
Loan Balance
I.O
$351,000
$351,000
$86,880
$440,583
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