With DPN's help, you can purchase a dual income property purchased in Bellbird Park, Brisbane provides a positive income. Thanks to the rental income, you can now build wealth and secures your family's future.
A dual income property in Bellbird Park, Queenland, purchased at $488,350 with a 10% cash deposit of $48,350 pays you $6,566 per year (p.a.) which equals $126 per week (p/wk) based on the following assumptions:
Annual rent combined: rent 1: $310 p/wk + rent 2: $260 p/wk = $570 x 52 weeks | Interest loan: 4.7% x $440,000 | An initial purchase cost of $18,500 is needed to cover stamp duty, lender’s mortgage insurance, legal and loan fees. (Mortgage insurance can be avoided with a larger deposit or using more equity from other property);
Property costs factor in a 2% vacancy rate and Medicare levy of 1%;
Depreciation available only for new properties;
Tax refund based on second highest tax bracket (38.5%);
Calculation based on the first year.