Hi,
Thanks for your response.

The interest rate used was 6.91%
Management fees/body corporate was included in the outgoings ($35 weekly)
The park is currently leased until Nov 09

I think I might have to give this deal a miss this time round due to my limited funds.
I’ve only just started looking at investment properties and I’m sure I can find a…[Read more]

Hi Dan,
Here’s my workings

CASH NEEDED
Deposit $5,000
Closing $2,500
TOTAL $7,500

CASH INFLOW
Rent $5,760

CASH OUTFLOW
Outgoings $1,820
Loan Repay $3,564 (P+I) or $3,108 (I)
TOTAL CASH OUTFLOW $5,384 (P+I) or $4,928 (I)

Cash Inflow $5,760
Cash Outflow $5,384 (P+I) or $4,928 (I)
NET CASHFLOW $376 (P+I) or $832 (I)
CASH on CASH RETURN 5% (P+I)…[Read more]