Hi Daniel,
You are assuming 100% tenancy, what about council rates, repairs, rental managers %, etc. You need to factor in all your outgoings, not just look at rental income versus interest payments.
Hope this helps a bit
Frank.[biggrin]

Investor in training!

Hi,
This is my first post so please bear with me. I have recently been looking at zonings, etc and come to the conclusion that whilst councils may be common in there thinking of zone classification, they are certainly different in there views of what can be done. For example building setbacks from the road, significant trees and how they are…[Read more]