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Try Picki for FREEConfidence
High
High
$760,000
Medium
$720,000
Low
$680,000
Confidence
Medium
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Try Picki for FREE$35,000
-$11,806
4.5%
Asking Price
$740,000
Estimated Purchase Price
$685,000
Stamp Duty
$36,170
Transfer Fee
$1,709
Conveyancing
$1,196
Deposit (10%)
$68,500
Reg. Mortgage
$129
LMI Premium
$19,532
Renovation Costs
-
Total Cash/Equity Required
$127,785
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,823
$34,497
Interest Repayments
$40,689
$40,689
Net Cashflow Before Tax
-$16,866
-$6,192
Depreciation
-
-
Tax Offset
-$5,060
-$1,858
Net Cashflow After Tax
-$11,806
-$4,335
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$616,500
$616,500
$152,460
$773,597