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Bribe Island, QLD
Approved water
front development
site for 8 luxury
apartments... |
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Ballina, NSW
Luxury apartments
with ocean views
and short walk to
beach. more... |
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Cash Flow Summery Grandview Apartments
Investment Unit Return Cash Flow Summary
2 Bedroom Unit $450,000 purchase price
Income |
Full Year |
60% Occupancy @ $120 per night |
26,280 |
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Total Income |
26,280 |
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Less |
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Outgoings |
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Manager's Fees 38% (typical) |
|
(cleaning, advertising, linen, letting fees) |
9,986 |
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Body Corporate |
2,500 |
Rates |
900 |
Electricity |
800 |
|
14,186 |
Net Profit Before Interest |
12,094 |
Less Borrowings |
|
80% of cost @ 6.5% interest only |
23,400 |
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Cash Position |
(11,306) |
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Non Cash Deductions |
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Depreciating Assets |
|
$30K @ 11.25% |
3,375 |
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Building Deduction |
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$380K @ 2.5% |
9,500 |
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Taxation Loss |
(24,187) |
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Taxation Savings @ 48.5% |
11,728 |
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Net Cash Flow After Tax Savings |
422 |
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Assumed Capital Gain (5%) |
22,500 |
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Total Net Cash Flow and Capital Gain |
22,922 |
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- Indicative Figures Only – Variations will depend on individual financial
- Perspectives. Independent financial and tax advice should be sought.
- Variables – Occupancy and interest rates are the main variables. Notional
- Capital gain has been pegged at 5%.
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