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  • Profile photo of PB2PB2
    Member
    @pb2
    Join Date: 2002
    Post Count: 3
    June 29, 2003 - 1:30 pm

    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 $31K

    Loan Setup costs:
    Valuation = $1K
    Legals = $1K
    Application fees = $1.5K

    Outflows
    Interest = $31K
    Annual costs (Insurance and Maint allowancance) = $5K
    Total Outflows = $36K

    Inlows = $42K

    Positive Cash flow =$42 – $36 = $6K pa
    COC return = 6/17K = 35%

    Any comments?

    thanks again,

    pb

    Profile photo of PB2PB2
    Member
    @pb2
    Join Date: 2002
    Post Count: 3
    June 22, 2003 - 2:07 am

    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

    Profile photo of PB2PB2
    Member
    @pb2
    Join Date: 2002
    Post Count: 3
    June 21, 2003 - 8:56 am

    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

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