I would like some advise/comments on this deal, this will be my first IP. Plan is to build a 3 bedroom house. These are the figures. Land cost 195000 Build cost 150000 total 345000 20% deposit 69000 Closing costs 13000 Cash needed 82000 Rent 23400 per annum Cash outflows Outgoings 2000 Repairs 500 Interest 13116 Total cash outflow 15616 cash on cash return Cash inflows 23400 Cash outflows 15616 Net cashflow 7784 Initial cash down 81800 Cash on cash return 9.5% Looking to build in Caloundra on the Sunshine Coast, 5 minutes from new hospital due to open next year. Close to school and 5 minutes from the highway. Any thoughts would be much appreciated.