For sale - worth to buy or not?, 4 story shop and 2 bunglows
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 Nov 19 2008, 12:33 AM, updated 18y ago
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#1
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Senior Member
1,008 posts Joined: Nov 2007 From: Gombak,serdang   
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a 4 story shop located at taman melawati near zoo negara and giant. Selling for 1.5million. all 4 story are rent. income from renting is RM10k.
2 bunglows (side by side ) each 4000sqf (cobined total 8000sqf). Selling both for only RM700,000. located at gombak. a peace neighborhood and away from traffic. But only 15mins to KlCC. Near LRT gombak. Too bad only for bumi...  is this too building worth to buy ?? if anyone interested do pm me .. |
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Nov 19 2008, 05:50 PM
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#2
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Senior Member
1,008 posts Joined: Nov 2007 From: Gombak,serdang
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actually im here just to discuss.. since I know the owner so I help him to find buyer.. lorh..
do u think the 4story shop worth to buy? |
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Nov 19 2008, 08:50 PM
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#3
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Senior Member
1,008 posts Joined: Nov 2007 From: Gombak,serdang
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QUOTE(andrekua @ Nov 19 2008, 06:20 PM) If you got 500k, that means you have to borrow 1M. dont think it correct... You get 10k x 12month = 120k You lost 500k x 3.7% fd interest = 18.5k 30years loan (Im not expert, just use my own understanding to calculate this) 1,000,000 + (6.75% x 30years x 1M) = 3.025M Monthly installment = 3,025,000 / 30year = 101K Thats mean you just got enough to pay the monthly installment if you got 500K to dump into it and wait 30years before it become yours and start collecting the rent for yourself. This doesnt even include any maintenance fees (if any) or in case the tenant run away or something. If the price of it went up during the 30years, got profit lor.  borrow 1mil... monthly installment 101k... saving 10month also can buy cash.. btw.. I detect few wrong calculation..correct if im wrong to.. 1,000,000 + (6.75% x 30years x (loan balance<1M)) = 3.025M Monthly installment = 3,025,000 / 30year x 12month = RM8402 so monthly u profit almost rm2k.. so it worth to buy rite?  |
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