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 Condo sale price

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joey2000
post Apr 30 2024, 04:11 PM

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387 posts

Joined: Sep 2005
QUOTE(ky118 @ Apr 30 2024, 03:38 PM)
I plan to sell my condo and would like to calculate the breakeven price and the minimum selling price in order not to make a loss.

Condo price: RM405,000
Down payment: RM63,000
Loan amount: RM342,000
Monthly loan installment: RM1650
Monthly loan installment period until today: 12 years
Monthly loan installment payment until today: RM237,600 (RM1650 x 12 x 12)
Misc expenses like legal fees, stamp duty, renovation, maintenance fees, insurance, assessment: RM93,200
Rental income: RM20,000

Is my breakeven price RM373,800?

Appreciate your comments. Thanks!
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The amount you still need to pay the bank + RM373,800 + legal fees to release your property is your cost.

 

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