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Hi Jacque I did fail to add Depreciation. How much? Hard to say? Pic gives no idea of age (looks old) so assuming post 1985 and bought for $90k a 4% p.a. building allowance it would $3600. Is that correct? Am I right to assume then, the dep loss, would it decrease the owners...

HI All Have checked it out and done the calcs. FYI I allowed rates as stated, vacany rate at 4%, PM fee at 8% no land tax insurance assume $500 p.a. repairs allowance of $1000 p.a (for two) loan for $92,500 being $90k plus some for legals and SD at 6.5% interest rate...