| CASH
FLOW CALCULATIONS For $370,000 villas YEARS 1, 2 AND 3 |
|
|
|
| |
|
| RETURNS
IF A LEASE AGREEMENT OPTION IS TAKEN |
|
100% |
|
10% |
|
20% |
| |
Borrowings |
|
Deposit |
|
Deposit |
| Purchase
Price |
|
$370,000.00
|
|
| Stamp
Duty - approx. |
|
$11,500
|
|
| conveyancing |
|
$
950 |
|
| Furnishings
& Fittings |
|
$28,000
|
|
| |
|
|
| Total
Purchase Price Costs |
|
$410,450
|
|
$410,450
|
|
$369,405
|
|
$328,360
|
| |
|
| Guaranteed
Income YEAR 1 |
|
|
$27,040
|
|
$27,040
|
|
$27,040
|
| Lease
option (similar to existing) |
|
|
|
| Outgoings
(paid by Resort) |
|
|
$
- |
|
$
- |
|
$
- |
| Sinking
fund |
approx
|
|
-$250
|
|
-$250
|
|
-$250
|
| Net
Income |
|
|
$26,790
|
|
$26,790
|
|
$26,790
|
| |
| Fixed
Interest @ 5.5% for 3 yrs |
|
$22,575
|
|
$20,317
|
|
$18,060
|
| purchaser
to do their own assessment on interest |
|
|
|
|
|
|
| Note:
repayments do not include any debt reduction |
|
| POSITIVE
CASH FLOW YEAR 1 |
|
$4,215
|
|
$6,473
|
|
$8,730
|
| |
($81
a week) |
|
($124
a week) |
|
($168
a week) |
| Depreciation
- YEAR 1 |
|
$15,500
|
|
$15,500
|
|
$15,500
|
| (based
on previous sales - exact figures prepared by QS |
|
|
| to
be included in contract) |
|
|
| benefits
from the depreciaion based on $80,000 income |
|
|
$4,674
|
|
$4,674
|
|
$4,674
|
| including
the cash +ve return on the villa |
|
| at
a 31.5% tax rate would give weekly tax savings of approx |
|
$90
|
|
$90
|
|
$90
|
| COMBINED
+CASHFLOW AND TAX SAVINGS |
|
$171
per wk |
|
$214
per wk. |
|
$258
per wk |
| |
$8,892p.a |
|
$11,128
p.a |
|
$13,416
p.a |
| |
|
|
| Capital
Gains in year 1 |
|
? |
|
? |
|
? |
| refer
to information about Resort and Albury Wodonga |
|
| |
| Note:
This is a working sheet only and purchasers are to do their own verification
of these figures |
|
| based
on their income, borrowed funds and interest rate, projectCPI etc. |
|
| |
|
| |
| VILLA
4 & 5 CASHFLOW CALCULATIONS FOR YEARS 2 AND 3 |
|
100%
borrowed |
10%
deposit |
|
20%
deposit |
| (
if lease option taken) |
|
| Guaranteed
Income YEAR 2 |
|
|
$27,040
|
|
$27,040
|
|
$27,040
|
| CPI
Adjusted income at say @ 2.5% |
|
|
$676
|
|
$676
|
|
$676
|
| Adjusted
Income |
|
|
$27,716
|
|
$27,716
|
|
$27,716
|
| Outgoings
(paid by Resort) |
|
|
$
- |
|
$
- |
|
$
- |
| Sinking
fund |
approx
|
|
-$250
|
|
-$250
|
|
-$250
|
| Net
Income |
|
|
$27,466
|
|
$27,466
|
|
$27,466
|
| Fixed
Interest @ 5.5% for 3 yrs |
|
$22,575
|
|
$20,317
|
|
$18,060
|
| Note
repayments do not include any debt reduction |
|
| POSITIVE
CASH FLOW YEAR 2 |
|
$4,891
|
|
$7,149
|
|
$9,406
|
| |
($94
a week) |
|
($137a
week) |
|
($180
a week) |
| Depreciation
in year two |
|
$13,234
|
|
$13,234
|
|
$13,234
|
| (based
on previous sales - exact figures prepared by QS |
|
|
| to
be included in contract) |
|
|
| benefits
from the depreciaion based on $80,000 income |
|
|
$4,168
|
|
$4,168
|
|
$4,168
|
| including
the cash +ve return on the villa |
|
| at
a 31.5% tax rate would give weekly tax savings of approx |
|
$80 |
|
$80
|
|
$80
|
| COMBINED
+CASHFLOW AND TAX SAVINGS |
|
$174
a week |
|
$217
a week |
|
$260
a week |
| |
$9048
p.a. |
|
$11,284
p.a |
|
$13520
p.a |
| |
| Capital
Gains after two years |
|
?? |
|
?? |
|
?? |
| |
| Guaranteed
Income Yr 3 |
|
|
$27,716
|
|
$27,716
|
|
$27,716
|
| CPI
Adjusted say @ 2.5% |
|
|
$693
|
|
$693
|
|
$693
|
| Outgoings
(paid by Resort) |
|
|
$
- |
|
$
- |
|
$
- |
| Sinking
fund |
approx
|
|
-$250
|
|
-$250
|
|
-$250
|
| Net
Income |
|
|
$28,159
|
|
$28,159
|
|
$28,159
|
| Fixed
Interest @ 5.5% for 3 yrs |
|
$22,575
|
|
$20,317
|
|
$18,060
|
| Note
repayments do not include any debt reduction |
|
| POSITIVE
CASH FLOW YEAR 3 |
|
$5,584
|
|
$7,842
|
|
$10,099
|
| |
($107
a week) |
|
($150
a week) |
|
($194
a week) |
| |
| Depreciation
in year 3 |
|
$11,757
|
|
$11,757
|
|
$11,757
|
| (based
on previous sales - exact figures |
|
|
| to
be included in contract) |
|
|
| benefits
from the depreciaion based on $80,000 income |
|
|
$3,703
|
|
$3,703
|
|
$3,703
|
| including
the cash +ve return on the villa |
|
| at
a 31.5% tax rate would give weekly tax savings of approx |
|
$71
|
|
$71
|
|
$71
|
| COMBINED
+CASHFLOW AND TAX SAVINGS |
|
$178
per wk |
|
$221
per week |
|
$265
per wk |
| |
$9,256p.a |
|
$11,492
p.a. |
|
$13,780
p.a. |
| Capital
Gains after three years |
|
??? |
|
??? |
|
??? |
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