apartment 1 - citylifeprojects.net edm - 2bed1bath.pdf · apartment 1.01 purchase details 2 bed 1...
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Don’t miss out on securing this amazing apartment in one of South Yarra’s fastest selling developments.
2 Bedroom
• 74sqm total area• Car space included• Storage cage included• Hardwood timber flooring• Granite bench tops• Unique loft style interiors• Outdoor breakfast bar
Apartment 1.01
5% DEPOSITS WITH INTEREST, INVESTOR UPGRADE PACKAGE
CONSTRUCTION COMMENCED!
Apartment Profile
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Purchase Details 2 Bed 1 Bath - 1.01
Sale Price $644,000
Deposit (20%)* $128,800
Legals and Stamp Duty $5,644
Total Financed* $515,200
Income
Rental Income^ $27,300
Total Income $27,300
Expenses
Outgoings (water, rates, body corp.)
$4,262
Interest (at 5.39% current 3 year fixed option )^^
$27,769
Management/Letting Fee $2,436
Total Expenses $34,467
Loss/Surplus before tax -$7,167
Tax Position
Depreciation** $19,287
Taxable Income/Loss $26,454
Tax Benefit at Marginal
Tax rate (37%)* $9,788
Surplus After Tax $2,621
Per Week $50
*Estimated values that will vary depending on the individual. ^ Based on the rental appraisal by Run Property of $500 - $550 a week. ^^ Supplied by www.provincialhomeloans.com.au on 4/12/12.
Always check the rates for your specific requirement as they can vary. ** As per depreciation schedule provided by Rider Levett Bucknall 22/6/12.
Disclaimer: It is recommended that each prospective purchaser seek their own independent professional advice in relation to accounting and taxation matters.
apartment 1.01
Purchase Details 2 Bed 1 Bath - 1.01
Sale Price $644,000
Deposit (20%)* $128,800
Legals and Stamp Duty $5,644
Total Financed* $515,200
Income
Rental Income^ $27,300
Total Income $27,300
Expenses
Outgoings (water, rates, body corp.)
$4,262
Interest (at 5.39% current 3 year fixed option )^^
$27,769
Management/Letting Fee $2,436
Total Expenses $34,467
Loss/Surplus before tax -$7,167
Tax Position
Depreciation** $19,287
Taxable Income/Loss $26,454
Tax Benefit at Marginal
Tax rate (37%)* $9,788
Surplus After Tax $2,621
Per Week $50
*Estimated values that will vary depending on the individual. ^ Based on the rental appraisal by Run Property of $500 - $550 a week. ^^ Supplied by www.provincialhomeloans.com.au on 4/12/12.
Always check the rates for your specific requirement as they can vary. ** As per depreciation schedule provided by Rider Levett Bucknall 22/6/12.
Disclaimer: It is recommended that each prospective purchaser seek their own independent professional advice in relation to accounting and taxation matters.
apartment 1.01