well spacegalaxy, considering only the 2 investments as stated below, my analysis is as follows:
1. Casa Subang
Price: RM260k
Loan (assuming 90% MOF): RM234k
Mthly repayments: approx RM1050+, assuming 30 yr loan @ BLR - 2.0
Maintenance fee: approx RM160
Average rent expected: RM1600
Net cash inflow: RM450+
% of returns from capital = > 20%
2. Mentari Courts
Price: RM125k
Loan (assuming 90% MOF): RM112,500
Mthly repayments: approx RM500+, assuming 30 yr loan @ BLR - 2.0
Maintenance fee: RM70 - RM75
Average rent expected: RM800+
Net cash inflow: RM200+
% of returns from capital = < 20%
Casa Subang seems to provide better ROI from the basic calculations above. however, do note the sprouting condos all around the area....and being one of the older ones, i dun think this level of rent will last long for Casa Subang. also, i think the price is pretty saturated already and unlikely to rise further. same goes to mentari courts, which will compete with the newly completed suriamas sunway apartments next to it.
besides, renting it out to students will definitely incur higher maintenance to ur unit as well compared to families. and most importantly, i do not advocate sharing properties with frens / bf / gf, etc...alot of problems might arise should there be a fallout. do take all these into account before moving ahead with your purchase and wishing u all the best
This post has been edited by babana: Aug 18 2009, 10:52 AM