Purchase Cost
Loan amount (LVR 70%)$687,820
Deposit (30%)$294,780
Stamp duty$10,670
Legal fees$2,000
Total purchase cost$307,450
Rental Revenue
Weekly rent$2,100
Annual rent$109,200
Gross yield11.11%
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%)$8,408
Financing
Interest rate8.40%
Interest (p.a., interest-only)$57,777
Monthly repayment$4,815
Cashflow Summary
Cashflow p.a.$26,155
Cashflow / month$2,180
Cashflow / week$503
Cash-on-cash return8.51%