Purchase Cost
Loan amount (LVR 70%)$738,500
Deposit (30%)$316,500
Stamp duty$20,450
Legal fees$2,000
Total purchase cost$338,950
Rental Revenue
Weekly rent$2,000
Annual rent$104,000
Gross yield9.86%
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)$62,034
Monthly repayment$5,170
Cashflow Summary
Cashflow p.a.$17,098
Cashflow / month$1,425
Cashflow / week$329
Cash-on-cash return5.04%