Purchase Cost
Loan amount (LVR 70%)$720,090
Deposit (30%)$308,610
Stamp duty$10,670
Legal fees$2,000
Total purchase cost$321,280
Rental Revenue
Weekly rent$2,450
Annual rent$127,400
Gross yield12.38%
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)$60,488
Monthly repayment$5,041
Cashflow Summary
Cashflow p.a.$40,243
Cashflow / month$3,354
Cashflow / week$774
Cash-on-cash return12.53%