Purchase Cost
Loan amount (LVR 70%)$803,460
Deposit (30%)$344,340
Stamp duty$23,150
Legal fees$2,000
Total purchase cost$369,490
Rental Revenue
Weekly rent$2,400
Annual rent$124,800
Gross yield10.87%
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%)$9,610
Financing
Interest rate8.40%
Interest (p.a., interest-only)$67,491
Monthly repayment$5,624
Cashflow Summary
Cashflow p.a.$30,840
Cashflow / month$2,570
Cashflow / week$593
Cash-on-cash return8.35%