Forum Replies Created
I have finally found the time to get my calculator back online, now in php
And with a permanent home.
Cheers,
ChrisJust did some quick research and found that for a park with annual fees of $4380 ($84.23 p/w), and off peak nightly rates of $60 p/n, you would only need the van to be rented out 73 nights a year to break even with the park fees, and if you managed to get the max 180 nights, then you would be getting $207 p/w.
As you can imagine, as long as you can guarantee atleast 73 nights a year, than the CoCR increases quite rapidly even if you purchase the van for $10,000. So 87 nights (at worst case $60 a night for all nights at off peak), would have CoCR of 8.4%. and the 180 nights would be 64.2% CoCR.Cheers,
DaFizRichard, thank you for your insight.
So basically I should keep the $13K in the offset account, so it continues to reduce the overall interest on my PPoR, and buy my first IP at 100%/106% because that amount will be tax deductable.
So I have a property in mind at the moment, for $80K and if i paid 20% cash deposit and 5% cash for closing costs the property would just break even on cash flow. But if i borrow that 105%, cash flow would be $-1700pa. Now my question is, would tax deductions and depreciation be enough to cover that amount (assuming a $50K salary)?
Cheers,
DaFizI havent seen the problem your talking about, I assume that what your doing is entering a Purchase Price (etc) then pressing the enter key on the keyboard? and then it is just reloading the default values?
What internet browser are you using, and what version?I am thinking of adding the ability for individuals to save their own defaults, but I dont think this will help with your issue, as then you will be just loading your defaults instead of mine.
I will have a look at the code later to see if their is anything obvious that might help, otherwise is anyone else having this issue?
Cheers,
DaFizI also have an online Cash on Cash Return (Cash Flow) calculator you welcome to use
just go to ipcfc.mine.nu
I have a couple of little adjustments I will be making to it shortly also (ie. calculating Yield, etc…)
Cheers,
DaFizFirstly, thanks for your feedback. Secondly, are you associated with jaffasoft.com? I found a very similar Calculator on their yesterday. I wrongly assumed that no one would have created a CoCR calculator, before I spent time making one for my own use, and then subsequently sharing it with others.
If by yield you mean Annual Rental Income / Purchase Price that should be very easy (is this also know as ROI?).
Do you think a it would be better to have a choice between a % figure or the individual closing costs components that you mention? That way the user could decide whether they want a quick and dirty guestimate, or more granular control over each cost.
You mean like a report, maybe as a pdf? This can be done with relative ease, only thing is would you envision the report looking prettier than the webpage, or layed out differently?
Cheers,
DaFiz
