It’s in NSW…

Here are some rough numbers…

Required Loan Amount = $440K
PP = 432K Plus costs less 17k cash dep

Based on 60/40 LVR a possible loan split is as follows:-
40% $176K on LOC @ 6.22% Fixed = $10,947 pa
30% $132K on I/Only @ 7.4% Variable = $9,768 pa
30% $132K on I/Only @ 7.6% Fixed (5yrs) = $10,032 pa

Total Interest = $30,747 say…[Read more]

The rental income is derived from the lease holder operating the his accommodation business from the property.

The lease left is a 3x3x3 and and the lease holder is keen to renew to a longer lease arrangement.

Come on you financiers out there show me some numbers!!

thanks,

PB

Stuart,

thanks for your suggestions and info – can anyone provide some scenarios projecting the costs and cashflows?

My goal is to use the positive cashflow to paydown the debt (as well as my own savings from time to time)

thanks again,

PB