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10dr Income Generating Apartment

3,100,000

Ad Type: For Sale | Location: Outside Cebu
| Views: | Comments: | 03 September 2013
Be ready to grab this wonderful opportunity to own a 10-dr apartment in Binan, Laguna

Located in Generosa Village. Very near work areas and great for rental purposes.

Here is what you’ll invest to:

Total Lot area: 302 sqm
Total Floor area: 280 sqm
6 units with rental income
Total income today: P17,500 per month
with 4 vacant units: 3,000 x 4 = 12,000 per month
Total potential income: P29,000 per month

Selling Price: 3.1M (negotiable)

If bank loan:

Downpayment (20%) = P620K
Balance thru bank loan (80%) at 10% pa at 15 years
Monthly amortization: P27,509.89

Income – monthly amortization:
P29,500 – P 27,509 = P1,991

Self-liquidating property with positive cashflow! Passive income may increase due to allowed increase of rental rate or you may opt to bedspaces.

Your imagination can create money.

Don’t let this opportunity slip away without inquiring!

Contact:

Lyn at 0917.881.5967
Noel at 0917.865.6635
Email: chevheno(@)gmail(dot)com
http://www.dreamhouseonyourway.com/10dr-income-generating-apartment/

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