single income investment scenarios
please note: scenarios for couples are very similar
Because the new taxation rates are now in, the following scenarios should work for incomes from $25,001 up to $75,000. After $75,000, the tax deductions would be more, and so less cash input would be required by the investor.
Let's take Mary as an example: Mary is a taxpayer and she earns a minimum of $45,000 per annum and has decided to purchase an investment property at Burpengary worth $250,000. Mary should receive a minimum of $250 per week rent from the investment property.
Below are three (3) scenarios:
SCENARIO 1
Mary borrows the whole purchase price of $250,000 and pays the outgoings of stamp duty of $7,225, mortgage registration fee of $111.30, transfer fee of $277.20, Stamp duty on loan of $1,000 and solicitors fees of $600; a total of $9,213.50.
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SCENARIO 2
Mary borrows $225,000 after paying a deposit of $25,000 and pays the outgoings of stamp duty of $7,225, mortgage registration fee of $111.30, transfer fee of $277.20, Stamp duty on loan of $900 and solicitors fees of $600; a total of $9,113.50.
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SCENARIO 3
Mary borrows the $200,000 after paying a deposit of $50,000 and pays the outgoings of stamp duty $7,225, mortgage registration fee of $111.30, transfer fee of $277.20, Stamp duty on loan of $800 and solicitors fees of $600; a total of $9,013.50.
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» Click here to view this scenario...
DISCLAIMER: No warranties or representations whatsoever are made by Aztec Developments (Qld) Pty Ltd regarding the accuracy of the information on these pages.
Professional advice should always be sought before making investment decisions.
Professional advice should always be sought before making investment decisions.
