Purchase Cost
Loan amount (LVR 70%)$746,900
Deposit (30%)$320,100
Stamp duty$21,050
Legal fees$2,000
Total purchase cost$343,150
Rental Revenue
Weekly rent$2,000
Annual rent$104,000
Gross yield9.75%
Recurring Costs (p.a.)
Council rates$2,400
Water rates$3,120
Electrical$3,120
NBN$1,020
Insurance$3,600
Maintenance$3,600
Management (7.70%)$8,008
Financing
Interest rate8.40%
Interest (p.a., interest-only)$62,740
Monthly repayment$5,228
Cashflow Summary
Cashflow p.a.$16,392
Cashflow / month$1,366
Cashflow / week$315
Cash-on-cash return4.78%