Sold
Apartment, 1 bedroom, 36 m²
Elysium Eco CityBlock 2Unit 2.3.15
Layout38 sq m, type A8.2 (block 2)
Bedrooms1
Bathrooms1
Living Area36 m²
Price per m²$ 3,958
Ceiling Height2.7 m
HandoverMarch 2028
FinishTurnkey
OwnershipLeasehold until 2053
$ 142,500
Down Payment from $ 14,250 (10%)
Rental Income Model
Purchase Price:
$142,500
ADR:
$90
Occupancy:
85%
Annual Net Income:
$18,150
ROI:
12.7%
Payback Period:
7.9 years
| Monthly | Yearly | |
|---|---|---|
Gross Rental Income | $2,327 | $27,923 |
Management fee (18%) | -$419 | -$5,026 |
Other maintenance costs (cleaning, appliances, utilities, welcome packs, repairs, etc.) (17%) | -$396 | -$4,747 |
Net Income (Before Tax) | $1,512 | $18,150 |
Resale Projection
Handover 2028 | 2029 | 2030 | 2031 | ||
|---|---|---|---|---|---|
| Projected Sale PricePurchase Price $142,500 | $195,000 | $200,850 | $206,876 | $213,082 | $219,474 |
| Property Value Growth | + $52,500 | + $58,350 | + $64,376 | + $70,582 | + $76,974 |
| Cumulative Rental Income | $0 | + $18,150 | + $36,299 | + $54,449 | + $72,599 |
| Re-registration costs (2%) | - $3,900 | - $4,017 | - $4,138 | - $4,262 | - $4,389 |
| Total Net Profit | $48,600 | $72,483 | $96,537 | $120,769 | $145,183 |
| ROI | 34.1% | 50.9% | 67.7% | 84.8% | 101.9% |
Value GrowthRentCostsProfit
Payment Plans
Down Payment | |||
| 1Payment 1 | Oct 23, 2026 | 25% | $35,625 |
During Construction | |||
| 2Payment 2 | Jan 23, 2027 | 15% | $21,375 |
| 3Payment 3 | Apr 23, 2027 | 15% | $21,375 |
| 4Payment 4 | Jul 23, 2027 | 15% | $21,375 |
| 5Payment 5 | Oct 23, 2027 | 15% | $21,375 |
| 6Payment 6 | Jan 23, 2028 | 15% | $21,375 |
Incentives | |||
| Paid with rental income | -10% | $14,250 | |