Sold
Apartment, 1 bedroom, 36.6 m²
Elysium Eco CityBlock 2Unit 2.3.24
Layout37 sq m, type A9.1 (block 2)
Bedrooms1
Bathrooms1
Living Area36.6 m²
Price per m²$ 3,825
Ceiling Height2.7 m
HandoverMarch 2028
FinishTurnkey
OwnershipLeasehold until 2053
$ 140,000
Down Payment from $ 14,000 (10%)
Rental Income Model
Purchase Price:
$140,000
ADR:
$95
Occupancy:
85%
Annual Net Income:
$19,158
ROI:
13.7%
Payback Period:
7.3 years
| Monthly | Yearly | |
|---|---|---|
Gross Rental Income | $2,456 | $29,474 |
Management fee (18%) | -$442 | -$5,305 |
Other maintenance costs (cleaning, appliances, utilities, welcome packs, repairs, etc.) (17%) | -$418 | -$5,011 |
Net Income (Before Tax) | $1,596 | $19,158 |
Resale Projection
Handover 2028 | 2029 | 2030 | 2031 | ||
|---|---|---|---|---|---|
| Projected Sale PricePurchase Price $140,000 | $140,000 | $144,200 | $148,526 | $152,982 | $157,571 |
| Property Value Growth | $0 | + $4,200 | + $8,526 | + $12,982 | + $17,571 |
| Cumulative Rental Income | $0 | + $19,158 | + $38,316 | + $57,474 | + $76,632 |
| Re-registration costs (2%) | - $2,800 | - $2,884 | - $2,971 | - $3,060 | - $3,151 |
| Total Net Profit | - $2,800 | $20,474 | $43,871 | $67,396 | $91,052 |
| ROI | - 2.0% | 14.6% | 31.3% | 48.1% | 65.0% |
Value GrowthRentCostsProfit
Payment Plans
Down Payment | |||
| 1Payment 1 | Oct 23, 2026 | 25% | $35,000 |
During Construction | |||
| 2Payment 2 | Jan 23, 2027 | 15% | $21,000 |
| 3Payment 3 | Apr 23, 2027 | 15% | $21,000 |
| 4Payment 4 | Jul 23, 2027 | 15% | $21,000 |
| 5Payment 5 | Oct 23, 2027 | 15% | $21,000 |
| 6Payment 6 | Jan 23, 2028 | 15% | $21,000 |
Incentives | |||
| Paid with rental income | -10% | $14,000 | |