Investment Property Calculator “Essentials” Checklist
- Property Price
- Required deposit
- Rental appraisals/estimates
- Vacancy rates for the area (so you can allow in the calculator)
- Depreciation schedule or estimate
- Annual cost of body corporate or strata fees (if applicable)
- Annual cost of local council rates and water charges
- Annual cost of landlord insurance
- Legal costs/conveyance costs for the transaction
- Property management fees (as a percentage)
- Check current bank interest rates
- Know your annual income
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