4. The purchase price of a property, land and improvement, was Php 16,250,000. You put 20%...

 

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4. The purchase price of a property, land and improvement, was Php 16,250,000. You put 20% down payment and the rest was financed. The mortgage is a 30 year loan at 6.5% principal-interest payment. Taxes and insurance at the time of purchase are Php 180,000 each year. The vacancy rate is 8% while the repair expenses averaged is Php 85,000 every year. You spend annually about Php 20,000 for miscellaneous and advertising costs. You manage the property yourself. Determine the monthly cash flow from 30 unit apartment with monthly rent of Php 6500 per unit. Was it a good investment? 4. The purchase price of a property, land and improvement, was Php 16,250,000. You put 20% down payment and the rest was financed. The mortgage is a 30 year loan at 6.5% principal-interest payment. Taxes and insurance at the time of purchase are Php 180,000 each year. The vacancy rate is 8% while the repair expenses averaged is Php 85,000 every year. You spend annually about Php 20,000 for miscellaneous and advertising costs. You manage the property yourself. Determine the monthly cash flow from 30 unit apartment with monthly rent of Php 6500 per unit. Was it a good investment?

Answer rating: 100% (QA)

Solution Php Inflow 30 Unit 6500 Per Month 195000 Less Vacancy Rate 8 ... View the full answer