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From: Trina Blum
Hi,
Hope someone can help me out. I've purchased the PIA but think I am going wrong somewhere putting figures in. I am looking at a property that would return a min 6.5% gross rent return which I was told should basically cover all the outgoings.
When I put the figures in it is showing that I would be out of pocket over $30 each year and it would only become cashflow positive in about year 30. Is this unusual? The capital growth is good but it would be costing me too much money. Is this due to the tax bracket my husband is on?
Would someone be able to run the figures for me and see what they get so I know I am using the programme correctly:
Price: $100 000
Rent pwk: $130
Rates: $653.70
Water: $578.60
Strata: $578.60
Int rate: 6.99%
Borrow: 106% of purchase price
Investors Income: $45976 (one name only)
I would really appreciate it if someone could see what result they get. I've tried the programme for a couple of places and always end up with a similiar result i.e. costing over $30 pwk.
Thanks
Trina
Hi,
Hope someone can help me out. I've purchased the PIA but think I am going wrong somewhere putting figures in. I am looking at a property that would return a min 6.5% gross rent return which I was told should basically cover all the outgoings.
When I put the figures in it is showing that I would be out of pocket over $30 each year and it would only become cashflow positive in about year 30. Is this unusual? The capital growth is good but it would be costing me too much money. Is this due to the tax bracket my husband is on?
Would someone be able to run the figures for me and see what they get so I know I am using the programme correctly:
Price: $100 000
Rent pwk: $130
Rates: $653.70
Water: $578.60
Strata: $578.60
Int rate: 6.99%
Borrow: 106% of purchase price
Investors Income: $45976 (one name only)
I would really appreciate it if someone could see what result they get. I've tried the programme for a couple of places and always end up with a similiar result i.e. costing over $30 pwk.
Thanks
Trina
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