um…..anyone like these numbers?

11 Second Solution:
Rent = 1209
Occupancy rate ‘3 Weeks’ = 94.23 Percent
Solution = $569620.00
Asking price = $326789

Closing costs:
Deposit 8 Percent = $26143.12
Legal fees = $700
Stamp duty = $.0
Mortgage app fees = $0
Mortgage insurance = $3000
Valuation fees = $0
Other borrowing costs = $0
Clean up costs = $0
Inspection costs = $0
Other costs = $0
Total closing costs = $29843.12

Mortgage details:
Loan Principle and Interest = $300645.88
Interest rate = 7 Percent
Term = 5 Years
Weekly mortgage repayments = $404.72
Total repayments for life of loan = $105226.06

Annual costs:
Management fees 11 Percent = $6516.51
Letting and advertising = $0
Body corp fees = $0
Rates = $8547
Utility rates and fees = $0
Insurance = $0
Miscalanious costs = $0
Land tax = $0
Maintenance 5 Percent = $2962.05
Other ownership costs = $0
Total annual costs = $18025.56

Summary:
Total annual rent = $59241.00
Total annual mortgage = $21045.21
Total annual costs = $18025.56
Total annual cashflow = $20170.23
Total funded costs = $29843.12
Risk free return = $1193.72 Bank interest rate of 4 Percent.
Annual Cash On Cash Return = 67.59 Percent
Cashflow Positive Weekly = $387.89

what do you guys think?

hhmm……interesting.