Estimated costs to own an example property

Property purchased for $965k in Auckland (currently renting for $650 a week)

Table with 2 columns and 5 rows.
Mortgage Payment $772k mortgage. 5.5% interest rate. 30 year term$1,010
Local Council Rates $3,300 per year$63
Insurance Estimated at $1,700 per year$33
Maintenance Estimated at $1,000 per year$19
Total$1,125
Table: Ed McKnight – Opes PartnersSource: Opes Partners ModellingCreated with Datawrapper