Sep 7 2022, 10:11 AM
even if based on 3.5% interest is RM 2.6k already am I missing out something? Extra cashback from developer? 
QUOTE(Teemo1234 @ Sep 1 2022, 10:26 PM)
Heyyy, so its depends on your own preference
For example, smallest unit is 770sf with gross price around RM 832 psf
SPA price: RM 633k (Estimated)
Monthly Installment: RM 2.3k
Maintenance Fee: RM 0.32 psf x 770 = RM 246
Total Monthly Repayment: RM 2.6k
Based on the immediate surrounding, the rentals for a 2 bedroom unit is going for RM 1.8k - RM 2.4k per month. Keep in mind these condos are more than 5 years old and the distance to LRT is not as close as Atera.
Yes you can possibly rent it out at RM 2.5k and your tenant is covering all of your interest and most of your principle
Or you can also lower the rental a little more.
Personally, as long as my rental can cover my interest and then some, I'm happy. The rest of forced savings
For example, smallest unit is 770sf with gross price around RM 832 psf
SPA price: RM 633k (Estimated)
Monthly Installment: RM 2.3k
Maintenance Fee: RM 0.32 psf x 770 = RM 246
Total Monthly Repayment: RM 2.6k
Based on the immediate surrounding, the rentals for a 2 bedroom unit is going for RM 1.8k - RM 2.4k per month. Keep in mind these condos are more than 5 years old and the distance to LRT is not as close as Atera.
Yes you can possibly rent it out at RM 2.5k and your tenant is covering all of your interest and most of your principle
Or you can also lower the rental a little more.
Personally, as long as my rental can cover my interest and then some, I'm happy. The rest of forced savings
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