for a property, you buy and rent it for 5 years*.
rental = 1200/ month
total rental in a year is 14400
if sell after 5 years.
rental income is 72000.
plus your appreciation i.e. 50000
what is important is does your rental covers your monthly instalment?
takes into consideration of all costs.
i would say the bottom line for a good investment has the following criteria:
the monthly rental is more than the monthly installment
at selling point,
B- rental income
C- all costs (legal+ stamping+ maintenance +etc)
D- sum of monthly payment to the date of selling
the nett income is (A+B ) - (C+D) is greater than five percent of original price?
having all the fuss and earn a 50% after 5 years is worth?
workable because you need a small portion of downpayment
as soon as you can get a loan
how many properties can a person with nett worth of 100k buy?
* sell after 5 years there is no RPGT incured
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