Case Studies

CASE STUDY

POSITIVE GEARED PROPERTY

 

NARROMINE PROPERTY
Purchase Price $475,000
Stamp Duty $16,685
Legals $2,000
Buyers Agents $9,500
Total entry cost $503,185
Renovation $0
Total borrowings $503,184 MTHLY FNLY WKLY
Taxable Income $41,175 $3,431 $1,584 $792
Loan repayments @6% $3,016 $1,392 $696
Positive Gear $415 $192 $96
Passive Income per annum $4,983 $4,983 $4,983
Annual Passive Income
$4983
70%
Monthly Loan Repayments
$3431
50%
Total borrowing
$503,185
90%

CASE STUDY

POSITIVE GEARED PROPERTY

FORBES PROPERTY
Purchase Price $325,000
Stamp Duty $10,115
Legals $1,100
Buyers Agents $7,900
Total entry cost $344,115
Deposit $84,115
Total borrowings $260,000 MTHLY FNLY WKLY
Total income @ 6 beds $22,880 $440
Outgoings
Rates $2,600
Water $0
Insurance $1,500
Maintenance $100
Strata $0
Agents $1,830
Total Outgoings $6,030
Net Income $16,850
Loan repayments @6% $1,559
Shortfall  $1,848 $154
Depreciation Allowance $4,000
Net Tax Position  $2,152
Annual Passive Income
$2152
35%
Monthly Loan Repayments
$1559
30%
Total borrowing
$260,000
80%