Salary.sg Forums - View Single Post - Whats your net worth
View Single Post
  #1244 (permalink)  
Old 14-08-2013, 10:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi,

I need comments from readers here whether I can retire. I'm 50 years old and not feeling so healthy. I own 3 old condos, bought 10-15 years ago, all fully paid up. I am staying in one condo, while I rent out the other 2 condos. The rental condos give me a net income (after deducting maintenance fees and property taxes) of $60k pa. My annual expenses is $45k pa. I have no loans. Total net worth (3 condos, CPF, cash) is about $3.5m. Can I retire now?
What is the yield on each condo? (monthly rental x 10)/current market value

Trying to figure out if it would be better for you to sell one condo and put it into higher yielding funds. Sometimes old condos have poor yield.
Reply With Quote