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Thanks Boods yes, in real simple terms... Expanding on that though, you need to also account for management fees................None, I manage. body corporate fees.............None water rates........................yep council rates......................yep...

Ok Thanks all. So, im thinkin out aloud here and will probably embarass myself by showing my total ignorance... In real simple terms, if I borrow my $400k @ 6.25% and rent out at $500 pw, (6.25% yeild thanks winston), Im breaking about even re interest only re-payments? I wont...

Wobby Spot on, I asked for simple. Thankyou. I understand this is basic 101 stuff, but I have not before bought an IP based on return alone. Previous stategy has been buy low, and rent high, (of course without scaring away tennant). The rest seems to fall into place...

am trying to sum up a potential IP. Whats the simple calc for summing up property. In this case, IP will cost me $400K (100% borrowing), ill rent it for $500 pw.