500k+ can buy a unit in mont kiara, can the facility in Desa park compare with mont kiara??

And well both are high density areas *grins*  I think I'm probably more suited for the Kampung living

/me joins jchong @ Ipoh

@jootat,
The fact that Jusco's there only tells us how populated the area is going to be - image all the traffic!

oK Ok.. I'm just one of the few who couldn't afford a property at DPC hence all the negativity

3.  I'll give u 2 examples of deals closed in the last 8 months.  By the way, we try not to limit ourselves to "area-specific" strategies.  It depends on where u find the deals, and whether it gives a super COCR.

(a) Sri Putramas condo, Jalan Kuching - 1,100 sq feet - transacted at 140K (Market value = 210k).  Loan taken 120K.  Rental = 1,100 (semi-furnished) Mortgage = 600, Gross COC return = 30%, Net return after maintenance = 17%.

(b) Faber Ria Condo, Taman Desa - 500 sq feet, studio.  transacted at 120K (Market value = 145k) Loan taken = 108K.  Rental = 1,200 (full-furnished) Mortgage = 550, Gross COC return = 65%, Net return after maintenance = 53%.

A sample of calculation involving COCR :

Mr. Pai - thanks for the teh tarik session! Next time on me, ok? It was good to learn a few tricks from you....

I think your spreadsheet is comprehensive.  I use a similar template, but with just some slight differences in format.

Jchong - thanks for sharing too.

Just to recap on the formula

1.  COCR = Annual CF / DP of your property + One off Expenses.
2.  Annual CF = Net Operating Income - Debt payments.
3.  Net Operating Income = Gross Rental - Operating Expenses.

I normally go for ZEC packages and buy fully furnished. 

However, if using strictly COC perspective - IMO, it is a must for your capex and one-off's like S&P Costs  to be included together with your DP as acquisition costs.

Again - if we are running this like a typical P&L - we then have the luxury to depreciate the capex over a period of say 4 years, to "smoothen" out the impact.... But no point in kidding ourselves.  Has to be taken as part and parcel of your DP.

By the way, how's the Ipoh market in general? Any signs of stress?

@chicaman,
There will always be people in the market for 'expensive' products.  My neighbour recently rented her home for RM18k p/month unfurnished [well, her tenants received a RM2k discount because she'd wanted to leave some of the big bulky furnitures in the house]