I wanted to share a scenario of buying an investment property and hopefully get your thoughts on whether it's a valid / realist scenario to work with as far as planning goes. I'm assuming a yearly view here but not sure whether I'm missing something. What I'm actually trying to gauge is whether the actual net cost to me after one year is a relatively good estimate:

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Assuming the below:

Purchase Price $: 340,000

Deposit Value $ @ 20% of value (80% LVR): 68,000

Est. transaction costs (including solicitor, fees, etc.) @ 5% of Purchase Price $: 17,000

Loan Amount $: 272,000

Yearly Interest Rate Repayments in $ @ 5.0% p.a.: 13,600

Yearly Income from Rent in $ (here I'm assuming renting it for 37 weeks in the year on a estimated weekly rent of $325 (calculated as 5% interest times the $ purchase price of 340K divided by 52 weeks). The other 15 weeks I do not include as am considering as costs such as vacancy and/or maintenance): 12,025

Est. capital gain @ 5% p.a.: 17,000

Est. depreciation in $: 5,000

Unrealised capital gain (or loss) in $ (calculated here as the sum of the depreciation value (est. $5,000) plus the difference between the interest paid ($13,600) and the yearly rent income ($12,025) which in this scenario is $1,575): 6,575

Negative gearing value in $(calculated here as an estimate using the top income bracket of 37% on the unrealised capital gain/loss of $6,575): 2,433

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After the above calculation, I would end up with an actual net position of -$858. Does it mean that if this scenario happened exactly as it is shown, I would pocket $858 after a year? Is it how I interpret that? Does this provide me with a fairly good framework to think about it?

Apologies for so many questions and for the time in reading this until here. It'd be great to get your views on this. Thank you!