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Sale: ₱ 10,000,000
7 Bedroom Townhouse for sale in Barangay 337, Metro Manila near LRT-1 Carriedo
Full description

Listing ID: Sta. Cruz Manila APT3 with Php69K RENTAL INCOME

7 Bedroom Townhouse for sale in Barangay 337, Metro Manila near LRT-1 Carriedo

Apartment :SELLING PRICE would be Php9.5M

with 7 STUDIO UNITS rental range from Php8K to Php10K

Location : 1733 M. NATIVIDADst. Sta. Cruz, Manila (walking distance to LRT Tayuman station, SM San Lazaro, church, market, Jose Reyes Hospital, banks, commercial establishment) one ride to schools/universities, work place:

Apartment - 3

Lot area (sqm) 36.00

Floor area 176.00

Number of studio units 7.00

Can add 1 unit at roof deck

  for owner's residential

rate: 6 months above

3GF monthly rental 10,500.00

3B/3C 23,750.00

3D/3E 18,750.00

3F/3A 16,750.00

conservative income 69,750.00 conservative

rate below 6 months income

plus P2k on regular rate

average monthly income 74,750.00 monthly amort

    from buyer's

SELLING PRICE 10,000,000.00 pocket

Downpayment (25% Equity) 2,500,000.00

Option 1:

Balance 7,125,000.00

monthly amortization

15 years 99,720.58 65,000.00 34,720.58

10 years 114,951.16 65,000.00 49,951.16

Option 2:

Downpayment (40% Equity) 3,800,000.00

Balance 5,700,000.00    

monthly amortization   rental income       net monthly

15 years 79,776.47        65,000.00               14,776.47

10 years 91,960.93        65,000.00               26,960.93


RENTAL YEARLY COST ESCALATION 

                                                                 2019                       2020                        2021                  2022                         2023                             2024 

 first quarter income               177,862.50       217,831.76             235,258.30     254,078.97          274,405.28             296,357.71

second/third quarter             384,183.00        457,446.70            494,042.43      533,565.83          576,251.09             622,351.18

 last quarter income               207,458.82        240,159.52            259,372.28       280,122.06         302,531.82             326,734.37 

total income for the year     769,504.32       915,437.98            988,673.01      1,067,766.85    1,153,188.20         1,245,443.26 

average monthly income     64,125.36           76,286.50                82,389.42             88,980.57             96,099.02            103,786.94

 NOTE: I bought the property 2013 with zonal value of cost/sqm) 15,700.00   

Now, present zonal value per square meter 50,000.00

an increase of 318.40%

or say53.60%per annum

I computed conservative increase of 10% - 12% per annum


Key features
Facilities
  • Air Conditioning
  • CCTV
  • Wi Fi
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7 Bedroom Townhouse for sale in Barangay 337, Metro Manila near LRT-1 Carriedo location map
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