sure ... i don't know the full numbers yet as the building quote hasn't come in.
but so far:
purchase $305,000
legals, stamp duty, bank fees, council fees, surveyor costs, architect etc (ie, capital expenses) $32,000
holding costs to date (rental income less rental expenses, r&m) $15,000
build (approx) $600,000
holding costs while building (interest etc) $30,000
total spent will be around $1mil (incl tax refunds and contingency expenses)
anticipated value 4 X $320,000 = $1.28mil
anticipated rent 4 x $300 = $62,000/yr + depreciation claimable of around $48,000 - rental expenses of $5,000 - interest repayments of $75,000 = cashflow neutral
so, as long as i can fix interest at less than 7.5% i'm happy.