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Does the rent cover it?

A tenant does not always pay your loan. Put in the price, your margin of finance and the rent you realistically expect, and see whether the unit feeds you or you feed it.

YOUR NUMBERS

The unit

RM
Borrowing RM 450,000
%
% p.a.
Instalment RM 2,046.83
years
Rental side
RM
Billed monthly
RM
Billed yearly
RM
Collecting RM 1,833 a month on average
months a year
NEGATIVE CASH FLOWRM 505.16/ monthYou would top up RM 6,062 a year to hold this unit.

Monthly position

  • Rent collectedafter 1 month vacancy+RM 1,833.33
  • Loan instalmentRM 2,046.83
  • Maintenance and sinking fundRM 250.00
  • Quit rent, assessment, insurancespread monthlyRM 41.67
  • Net monthly cash flowRM 505.16
Break-even rentRM 2,551.08Rent needs to rise RM 551 to break even.
Rental yield4.80% gross3.70% net of vacancy and holding costs, before financing