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 Does ur rental income covers ur mortgage payment?, How many %?

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Zen-X
post Nov 6 2016, 09:20 PM

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sorry if i am asking at the wrong place biggrin.gif

i am thinking to buy a condo rm230k
current tenant is paying 1350 monthly
is it good purchase for me?
Zen-X
post Nov 9 2016, 08:57 PM

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QUOTE(mafa2801 @ Nov 9 2016, 03:41 PM)
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

Zen-X
post Nov 11 2016, 11:33 AM

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QUOTE(glauncher @ Nov 10 2016, 07:54 PM)
How old is the condo? it seems the price went down 2x from few years ago? is it because of leasehold?
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IINM 17 years already

 

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