Quote:
Originally Posted by Unregistered
The yield is 5k rental per month with potential to increase
I stay with parents and their house will be given to me as im a single child so am fortunate
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5k is rental
It's not a yield.
What's the value of the condo?
What's your mortgage?
Paid in full?
Then yield is 5kx12/Book value of condo (purchase price)
Or if got mortgage then yield is 5kx12/downpayment (more or less)
also property tax and home insurance. Which isnt much in SG.
You single child with parents owning landed.
Aiyah earlier don't say. LOL!