Purchase Cost
Loan amount (LVR 70%)$662,830
Deposit (30%)$284,070
Stamp duty$17,570
Legal fees$2,000
Total purchase cost$303,640
Rental Revenue
Weekly rent$1,480
Annual rent$76,960
Gross yield8.13%
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%)$5,926
Financing
Interest rate8.40%
Interest (p.a., interest-only)$55,678
Monthly repayment$4,640
Cashflow Summary
Cashflow p.a.$-1,504
Cashflow / month$-125
Cashflow / week$-29
Cash-on-cash return-0.50%