Tag: how to put your house for rent

Will you make money on your rental property?

Expenses amount
purchase price $500,000
Land transfer tax $6,475
Legal fees $1,695
Down payment (20%) $100,000
Mortgage amount (amortized over 25 years) $400,000
Mortgage rate 4.5% fixed
Total mortgage interest over 25 years $264,168
Property value appreciation (annual average)