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Depreciation benefits are roughly 35% of (total income - Expenses + deduction from depreciation schedule). To be exact you can use either 37% if you are earning over 80K or 32.5% if you are earning 37 -80 K.

This is my way of way of calculating yield. Method 1: Gross Rental yield = (Rent * 52) / purchase price It is 5% yield if purchase price is 400K and the rent is $400 pw. Method 2: Kind of out of pocket yield. Net yield = (Rent * 40 weeks - Actual loan * Interest rate + Depreciation) /Actual...

Close enough... had hailstorm yesterday.

Have a look at my backyard (See attached pic) taken few mins ago :cool:

True. Depreciation won't help when you don't have a job!

Most of his posts seems a bit self advertising to me :eek:

How is that 'cash flow neutral from day 1'?!? That is not even enough to cover the interest on mortgage!

~ small Reno like converting a wasted space to a bedroom ~ Granny flat ~ NRAS (I don't have one but some people in claim it can)