La Quinta Residential Complex
Block C, apt. 172C
Studio
36.6 sq.m
14th floor
Turnkey repair
MountainView
Price 68,000$
100% payment
Or a mortgage with 40% PV
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Calculating the BUY STRATEGY FOR 40% of the cost:
Price 68,000
10-year mortgage
40% PV or 27200
TVS Bank 9% in USD
Monthly payment: $544 (6,528 per year)
Credo Bank 12%
Monthly payment $612 (7,344 per year)
Leasing through a management company
Off season 40% check-in per day, season 80% check in per night
The average profit per year is 10,000 (Criminal Code expenses and taxes are included)
balance of profit: from $2500