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๐ซ๐๐ฌ๐ก๐ฅ๐ฒ ๐๐๐ง๐๐ง๐ญ๐๐ ๐๐ญ $๐๐๐๐ ๐ฐ๐ก๐ข๐๐ก ๐๐จ๐ฏ๐๐ซ๐ฌ ๐ข๐ง๐ฌ๐ญ๐๐ฅ๐ฅ๐ฆ๐๐ง๐ญ ๐ฉ๐ฅ๐ฎ๐ฌ ๐ฆ๐๐ฌ๐ญ ๐๐๐!
Assuming 30yr loan at 1.4% mortgage rate:
Installment: $3013 /mth
Mcst: $280 /mth
Total Monthly Cost: $3.29k /mth
Monthly Cashflow: $4200 - 3300 = $900 /mth
(Even higher cash out if using CPF to pay installment)
Effective ROE : Whopping 17% annual return !!!
(Return over equity, ie downpayment in)
Best for those who borderline-fail TDSR as some banks will take this rental income to offset your TDSR!
Rare 1+Study at Normanton Park โ Full Pool View, Biggest Layout, Under-Valued!
Looking for space, convenience and long-term upside? This 1+Study (581 sqft) is the largest layout of its type at Normanton Park โ and itโs going for below $1.3M, well under recent transacted prices!
Key Highlights:
โข Spacious 581 sqft โ largest 1+Study layout in the project
โข Study area can potentially be enclosed โ ideal for home office, nursery or guest room
โข Direct pool view, quiet facing with no traffic noise
โข Newly TOP mega project with full condo facilities โ pools, tennis courts, gym, BBQ pits & a supermarket downstairs
โข Within 2km of Fairfield Methodist School & New Town Primary
โข Direct Bus 97 to VivoCity, Raffles Place & Tanjong Pagar
โข Near Kent Ridge MRT, NUS, NUH & Science Park
โข High rental yield potential (above 3.5%)
Not fire-sale but definitely a good price! Serious seller!
Normanton Park is near to Kent Ridge Hill Residences, Terra Hill, The Interlace, The Anchorage, Stirling Residences, Queens and Margaret Ville.
Normanton Park is popular with buyers who like Treasure at Tampines, Parc Esta, The Florence Residences, Reflections at Keppel Bay, Affinity At Serangoon, JadeScape, Parc Clematis, Penrose and Riverfront Residences.
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