Purchase Cost
Loan amount (LVR 70%)$724,430
Deposit (30%)$310,470
Stamp duty$11,810
Legal fees$2,000
Total purchase cost$324,280
Rental Revenue
Weekly rent$2,450
Annual rent$127,400
Gross yield12.31%
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%)$9,810
Financing
Interest rate8.40%
Interest (p.a., interest-only)$60,852
Monthly repayment$5,071
Cashflow Summary
Cashflow p.a.$39,878
Cashflow / month$3,323
Cashflow / week$767
Cash-on-cash return12.30%