hello everyone,
I found this site that provides a free tool for cashflow analysis of NZ properties:
http://www.propertyreturns.com
I was wondering (ok, i’m new to this, all i know is that if you ask the right question, you are more likely to get the right answer) whether you need a tool that is specific to NZ (I presume so)? and if yes, can anyone point me in the right direction to “preferably” a free tool that they have used successfully for NZ that I can download or access. Thanking you in advance.
Cheers, QB
What is your aim here? To see if the property is cashflow positive?
If so you shouldn’t need a country specific calulator. All you simply need to do is make sure your (incoming )rents are greater then your outgoings (mortgage,rates etc) Its really that simple….
I hope I have answered your query – if not please expand….
Pete
…Beware of the dreamtakers…
Hello Willi,
Been caught up in other things and haven’t had a chance to come back to this question. I guess I am really interested in the detailed outflows to get a better handle of the costs involved in purchasing in NZ…some of those questions have been answered in another topic – NZ suburbs. Also in the link I found, there are items relating to depreciation—what rates should I be using (different rate for house vs chattels).
Cheers, QB[
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