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Doing the 'numbers' on an Investment Property purchase - Episode 12
Manage episode 361108211 series 3449742
Вміст надано Nathan Broughton. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Nathan Broughton або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
We are looking today at 'doing the numbers' in relation to an investment property deal. What are they? How do I know what is what.
As i talk about - this is pretty data heavy, so I have included all the numbers that I discuss below:
Equity Numbers:
1. Purchase Price: $500,000 (40% deposit-$200,000 cash & 60% loan - $300,000)
2. Reno costs: $100,000 - my cash
3. New Valuation: $900,000
4. New Mortgage: $540,000 - 60% LVR
5. Equity: $360,000
New mortgage of $540,000 less first mortgage of $300,000 less $300,000 your cash
= $60,000 of your own cash left in this deal
Cashflow numbers:
1. Rent: $52,000
2. Mortgage Costs: $35,100 (6.5% - interest only)
3. Fixed Costs - Rates, Insurance, ($5500)
4. Other costs: - repairs, etc. ($2000)
5. Cashflow $9400 pa or $783 per month
Like always you can find more information over at our website:
And please follow us on our socials for more property content:
https://www.instagram.com/nathanrbroughton/
https://www.linkedin.com/in/nathanbroughton/
https://www.facebook.com/NathanBroughtonProperty/
https://www.youtube.com/NathanBroughton
Like always you can find more information over at our website:
https://nathanbroughton.com/
And please follow us on our socials for more property content:
https://www.instagram.com/nathanrbroughton/
https://www.linkedin.com/in/nathanbroughton/
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