5 YEAR FUNDING MODEL FOR 2 BED APARTMENT GOONDOON STREET, GLADSTONE

 

​BASED ON $0 UPFRONT

Purchase price $490,000

Stamp duty  $16,800

 

Legal and finance costs $2,000

​ Furniture package $14,300

Total purchase cost  $523,100

 Assumed tax rate 38.5%

Assumed rental growth 5% p.a.

​

Average Annual Income    $42,640

Less Interest @ 5%pa        $26,155

Less Outgoings                  $4,973

Plus Depreciation Benefit  $5.924

 

Gross income p.a.              $17,436