Can rental yield cover monthly bank payment?
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 Jul 22 2017, 01:10 AM, updated 9y ago
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#1
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Junior Member
270 posts Joined: Jul 2017 
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Is it still possible to get a 80-90% loan from the bank and use rental to cover monthly repayment?
My 400k range condo's monthly yield is less than bank loan, and every year or so after tenant move out always empty 1-3 months before rented out. |
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Jul 22 2017, 09:31 AM
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#2
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Junior Member
270 posts Joined: Jul 2017
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QUOTE(harak_84 @ Jul 22 2017, 01:58 AM) it depend on location and how the market put the rental of value.. I heard alot about renter's market now. And many places in KL are always hanging "to rent" or "for sales" which spooks me a little. Do u have any advice which area to look at?but for me it cover around 75% monthly repayment i require to top up the maintenance fee, tax, insurance building and repair... but u can increase the rental yearly or 2-3 year...depend la..so u can can gain on that part  |
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Aug 7 2017, 05:18 PM
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#3
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270 posts Joined: Jul 2017
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QUOTE(Chrono-Trigger @ Aug 7 2017, 02:59 PM) currently my apartment rental yield only covers 60% of my bank loan + maintenance fee. Mind sharing which city/area this apartment is?I feel like I want to sell off the property , is it a good idea? Some people tell me to hold on to the property first , sell now also very low price... |
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Aug 7 2017, 06:36 PM
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#4
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270 posts Joined: Jul 2017
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QUOTE(Chrono-Trigger @ Aug 7 2017, 05:52 PM) Equine park area In Serdang right? I thought that area should be developing quite well.... |
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Aug 10 2017, 10:35 PM
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#5
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270 posts Joined: Jul 2017
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QUOTE(jchong @ Aug 10 2017, 05:25 PM) In today's market it's not easy finding a property where the rental can cover the monthly bank installment. Mind sharing which part of Puchong? Thanks manThat's why I haven't bought any new property lately. Those property that I bought 4-5 years back all giving me positive cash flow (i.e. rental more than monthly bank installment); well except for one in Puchong where it's negative. |
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Aug 14 2017, 03:51 PM
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#6
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270 posts Joined: Jul 2017
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QUOTE(Zavia/GenX @ Aug 14 2017, 02:20 PM) I agree, my property that completed last year ca generate positive cashflow in cyberjaya... but I look around now, nothing I can buy that will give me confidence to have break even rental. (do tell me where if im wrong!!!) Based on my limited knowledge, cyberjaya property is priced higher for such as new place because of special reasons - technology center, so-called-future-capital, foreign students etc. So it's a surprise that you are fetching more than you pay. Maybe because the property was bought a few years ago and only completed last year?This post has been edited by simplylegendary: Aug 14 2017, 11:05 PM |
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