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Try Picki for FREEConfidence
High
High
$550,000
Medium
$520,000
Low
$490,000
Confidence
Medium
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Try Picki for FREE-$65,000
-$13,904
3.7%
Asking Price
$525,000
Estimated Purchase Price
$590,000
Stamp Duty
$30,470
Transfer Fee
$1,486
Conveyancing
$1,196
Deposit (10%)
$59,000
Reg. Mortgage
$129
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$109,654
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,183
$22,200
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$19,863
-$12,846
Depreciation
-
-
Tax Offset
-$5,959
-$3,854
Net Cashflow After Tax
-$13,904
-$8,992
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$560,700
$1,013,612
Loan Balance
I.O
$531,000
$531,000
$29,700
$482,612
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