Software to calculate net profit?

Thanks for the input on this question.

First time buyer.
Is there a site or software so I can input all the rates, fees, agents fees etc to get a net amount representing profit?

 

Excel? Or a calculator?

The hard part is understanding what profit is. What do you mean by profit? What is deductible and what is not? What is or is not a capital expense?

 

I think I mean a template. I am not sure of all the different costs as I have never owned property. So, an excel template. By profit I guess I mean finding out the net %.
From the little I know, there are rates, stamp duties, agents fees and not sure what else.

 

This guy does the best excel templates in my opinion. Has free and paid versions.

Free Investment Property Calculator Excel Spreadsheet

 

Garbage in = garbage out. If you dont understand what a cost is you will affect the calcs. The more complex it gets the more error that will occur.

Profit is a very subjective thing. In many instances a property has costs which arent even paid eg depreciation and cap allowances. But the deduction reflects as cashflow. Appears like a tax loss however but its a DEFERRED outgoing...Why do I say that ?? Because each $1 of depreciation claimed eventually increases the capital gain by 50cents. But it gets a 30cent+ cashflow benefit today.

I havent seen a calculator that can handle that yet. Also some CGT costs may attract Div 43...which ones ?

We have a property estimator tool which assists modelling a new purchase. We also have another client tool for determining yield and returns on a property and a portfolio basis. Neither is perfect and to be updated in the next few days

 

Stamp duty might be capital or expense depending on state.

Rates might not be deductible if the property is not available to be rented out.

% of what? Cost? Market value?

What about depreciation? Do you have a qs report?

You see the problem here.