Hi all, just curious about this, and would be great if you can share your area as well,

Thanks!

This post has been edited by glauncher: Aug 22 2016, 10:12 PM

Purchase a resales townhouse@cheras area during 2012 and that time, rental can cover 100% of my mortgage loan amount.

If you are talking about current purchase and rental, my guess is that it will be hardly reach 60% - 70% for properties with value more than 500k.
I will consider it's a blessing from heaven if the rental can cover 80% - 90% for my condo which will be vp-ed next year. I kind of regret my decision to purchase a high-end condominium unit plus in this kind of environment now.

Its much easier to match the rental to mortgage amount for cheaper properties like low cost apartment,flat, single terrace house etc which cost 400k and below.

Long gone for the time when the rental can match or even earn abit after deduct your mortgage.

Wah, so negative cash flow is a norm now?

+ve Cash Flow is a gem nowadays. Break even is considered quite good already. Unless you are looking at low costs flat, but you will have other challenges as well

Agree, high end property is difficult cover mortgage payment. Unless you are luck enough to get expatriate.

ukay perdana still +ve cash flow

Apartment?

Purchase in what year? Most probably recent buy also cannot cover

Bought first house at 2009. Just a cheap flat Rm75k at Puchong Prima. Now start to get positive cashflow about rm300 per month after Puchong Prima Lrt extension operated.

How much is the market price now?

Not sure because never check. But i guess should be around 150-180k. Still consider okay to me. Cannot expect much since this a just walk-up apartment

Bought one townhouse back in 2012 at Bandar seri alam, Nearby pasir gudang area.

Positive income of rm500 by renting it fully furnished by room.

This post has been edited by ayamxxx: Oct 23 2016, 01:36 AM

Good for you. hard to find such +ve nowadays

Hi do you guys top up with your own money on top of what you get from your rental so you can pay off your housing loan more quickly?

Just curious, covering the mortgage payment alone doesn't mean that your property is providing positive cash flow, does it ?

My understanding is that a property is only positive cash flow if the rental covers:
- mortgage
- tax
- insurance
- maintenance fee + sinking fund
- average annual upkeep expenses (miscellaneous replacements e.g. bulbs, painting touch up etc.)

Any rental properties that actually offer that ?
I'm very much a beginner on property, appreciate if any seniors could share their views on this

Spot on man...spot on. I bought a walkup apartment more than 10 years ago in Ukay Perdana at 96K. Paid via progress payment with no bank loan. Current rental is RM950 partially furnish. Basically the monthly rental of RM950 all go inside my pocket except RM60 (maintenance) and RM20 (2nd car park lot).

I wish i had bought 5 units back then. I would get at least RM4K rental collection every month.....net.

You see, when the economy is not good, medium/low medium cost apartments will always preserve its demand. While high end condos will have no where to go. High end condos also dont have safety margin (economic down turn, repatriation of foreigners, vacant period etc).

sorry if i am asking at the wrong place

i am thinking to buy a condo rm230k
current tenant is paying 1350 monthly
is it good purchase for me?

Look at other unit also.if only urs renting at 1350 but majority renting at 700..that might b a risk..
Anyway..may we know the area of it and whats the name of the condo..interested to know.

Its in Johor Bahru
Larkin Utama Condominium
Majority owners are renting fully furnished condo around 1200-1400 there

thats a good point sir.

to minimize ur risk, study future development and nearby ongoing /launched project prices..

e.g: if new project same size and price or just slightly high, better go for new projects..
because u already knew the rental in that particular area.

just my 10cents against dollar america..peace