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Rent Received: 280 x 52=14560
Assume 90% of your weekly loan payment is interest, then claimable interest: 400 x 52 x 90% x 0.5=9360.
Rates: 2432.34 x 0.5=1216.17
Water: 80 x 12 x 0.5=480
So profit on rental is: 14560-9360-1216.17-480=3503.83. Tax payment depends on your personal tax rate, if it's 30%, then extra tax to pay: 3503.83 x 30%=1051.15. |
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