QUOTE(heavensea @ Aug 24 2017, 12:56 AM)
270k, 35 years loan @ 4.45 = 1270 / month
maintenance = 850 x 0.3 = 255
Total = 1525
master 700
medium 550
small 350
cp 100
Total=1700
1700-1525=+ve 175
Future sub-sales estimation: (assuming sell after 10 years)
850sf x 500 = 425k
425k- 382k (loan that owing bank + paid bank) = +43k
43k - dp 30k - progressive interest 13k - mot 8k - legal fees 5k + rental income 7 years assuming 80% occupied period (1700 x 12 x 7 x 0.8) 114k = profits 101k
101 is a good number.
Haha luckily u edited the post. The cost shouldn't increase from 270k to 382k if there is +ve on the net. Supposedly if our principal is covered then we would at least b able to maintain the cost price. So the nett profit/lost would be +ve too.maintenance = 850 x 0.3 = 255
Total = 1525
master 700
medium 550
small 350
cp 100
Total=1700
1700-1525=+ve 175
Future sub-sales estimation: (assuming sell after 10 years)
850sf x 500 = 425k
425k- 382k (loan that owing bank + paid bank) = +43k
43k - dp 30k - progressive interest 13k - mot 8k - legal fees 5k + rental income 7 years assuming 80% occupied period (1700 x 12 x 7 x 0.8) 114k = profits 101k
101 is a good number.
Aug 24 2017, 01:22 AM

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