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Try Picki for FREE-$80,000
-$32,589
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Asking Price
$650,000
Estimated Purchase Price
$700,000
Stamp Duty
$37,070
Transfer Fee
$1,744
Conveyancing
$1,196
Deposit (10%)
$70,000
Reg. Mortgage
$129
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$130,648
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
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Property Management
+7.7% PA
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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
-$4,975
-$6,491
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$46,555
-$48,071
Depreciation
-
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Tax Offset
-$13,967
-$14,421
Net Cashflow After Tax
-$32,589
-$33,650
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$630,000
$630,000
$32,160
$567,028