Nov 21 2019, 08:56 PM
QUOTE(trainmaster @ Nov 21 2019, 08:24 PM)
I have a landed house of SPA 800k, renovation 50k, loan size around 720k.
I am renting it out with rental covering the installment at approx (RM3.5k).
Assuming selling price is at 850k (SPA+reno) at the point of selling, roughly how long would I need to hold to achieve a profit of 20% (as the mortgage’s principal is reducing when tenant rental is covering the installment).
Calculation steps would be much appreciated.
Thanks.
What is your installment amount and loan tenure (in years)?I am renting it out with rental covering the installment at approx (RM3.5k).
Assuming selling price is at 850k (SPA+reno) at the point of selling, roughly how long would I need to hold to achieve a profit of 20% (as the mortgage’s principal is reducing when tenant rental is covering the installment).
Calculation steps would be much appreciated.
Thanks.
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