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Try Picki for FREEConfidence
High
High
$720,000
Medium
$680,000
Low
$640,000
Confidence
Medium
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Try Picki for FREE-$90,000
-$18,029
3.5%
Asking Price
$718,231
Estimated Purchase Price
$770,000
Stamp Duty
$41,270
Transfer Fee
$1,908
Conveyancing
$1,196
Deposit (10%)
$77,000
Reg. Mortgage
$129
LMI Premium
$21,956
Renovation Costs
-
Total Cash/Equity Required
$144,008
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$19,983
$29,032
Interest Repayments
$45,738
$45,738
Net Cashflow Before Tax
-$25,755
-$16,706
Depreciation
-
-
Tax Offset
-$7,727
-$5,012
Net Cashflow After Tax
-$18,029
-$11,694
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$693,000
$693,000
$33,240
$619,869
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