Purchase Cost
Loan amount (LVR 70%)$697,550
Deposit (30%)$298,950
Stamp duty$13,070
Legal fees$2,000
Total purchase cost$314,020
Rental Revenue
Weekly rent$2,100
Annual rent$109,200
Gross yield10.96%
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)$58,594
Monthly repayment$4,883
Cashflow Summary
Cashflow p.a.$25,337
Cashflow / month$2,111
Cashflow / week$487
Cash-on-cash return8.07%