myHomeCalc v1.1.0
Available on the App Store. New features include
- Amortization Table, click here to see
it!
- Conversion between square meter, square feet and squares.
- Cash Flow Analysis
There's two cashflow reports, one based on the existing settings.
It will also tell you what is the required rent to be cashflow neutral.
| Property Value |
$405,000 |
| Loan Amount |
$275,000 |
| Loan to Value Ratio |
67.90% |
| Loan Interest Rate |
6.94% |
| Loan Type |
Principle and Interest |
| Loan Term |
30 years |
| Weekly Rental Income |
$233 |
| Weeks Vacant per year |
Never Vacant |
| Inflation Rate |
CPI 4.0% |
| Repayments |
$22,027.84 |
| Management Fees |
$933 (7.7%) |
| Repairs & Maintenance |
$840 |
| Rates & Taxes |
$1,360 |
| Insurance |
$729 |
| Body Corporate |
$0 |
| Gross: 2.99% Net: 2.04% |
| Not Pre-tax cash positive |
| 1yr Pre-tax cash flow -$13,773.77 |
| Non Cash Deductions |
$3,037.00 |
| Total Tax Deductions |
$28,926.77 |
| Reduction in Taxable income |
-$16,810.77 |
| Refund at Marginal Tax Rate |
| 30% |
38% |
45% |
| -$5,043 |
-$6,388 |
-$7,565 |
| -$167.89 |
-$142.03 |
-$119.40 |
| Cash Flow Neutral if rent is $493.00 per
week |
The second report where you would secure against another property and
looking for maximum negative gearing. In this situation you would borrow
100% of the property value plus goverment fees including Stamp Duty.
This option also assumes Interest Only loans.
| Property Value |
$405,000 |
| Loan Amount |
$418,479 |
| Loan to Value Ratio |
103.33% |
| Loan Interest Rate |
6.94% |
| Loan Type |
Interest Only |
| Loan Term |
30 years |
| Weekly Rental Income |
$233 |
| Weeks Vacant per year |
Never Vacant |
| Inflation Rate |
CPI 4.0% |
| Repayments |
$29,042.44 |
| Management Fees |
$933 (7.7%) |
| Repairs & Maintenance |
$840 |
| Rates & Taxes |
$1,360 |
| Insurance |
$729 |
| Body Corporate |
$0 |
| 1yr Pre-tax cash flow -$20,788.37 |
| Non Cash Deductions |
$3,037.00 |
| Total Tax Deductions |
$35,941.37 |
| Reduction in Taxable income |
-$23,825.37 |
| Refund at Marginal Tax Rate |
| 30% |
38% |
45% |
| -$7,148 |
-$9,054 |
-$10,721 |
| -$13,641 |
-$11,735 |
-$10,067 |
| -$262.32 |
-$225.67 |
-$193.60 |
What is a 'square'?
A "square" is traditionally 10 foot x 10 foot, which is the equivalent
of 3.048m x 3.048m. 3.048m squared is 9.29 square metres, so to divide
square metres into squares, divide by 9.29.
Now myHomeCalc will look after the conversion for you.
