*photos for illustration purpose only*
Unit currently tenanted @$4200 till 07/27
Investors, this one's already paying for itself.
Tenant is in at $4,200/mth until July 2027. That's $50,400 a year in rent, about 3.4% gross yield at $1.48M. No vacancy, no hunting for tenants, rental income from day one.
The unit
2 bedrooms, 2 bathrooms, 915 sqft
Efficient layout, no wasted space
Full condo facilities: pool, gym, tennis courts, BBQ pits, sauna, jacuzzi
Location
Bishan is one of those areas tenants keep coming back to. Central, quiet, and close to everything.
Short walk to Marymount MRT (Circle Line)
About 10 mins walk to Bishan MRT (North-South + Circle Line interchange) and Junction 8
Supermarkets all around: FairPrice Finest, Giant, Sheng Siong
Quick access to CTE and PIE, around 20 mins drive to the CBD
Schools within 1km
Raffles Institution (right opposite)
Raffles Girls' School (Secondary)
Catholic High School (Primary & Secondary)
Whitley Secondary School
Marymount Convent School
Families rent here for the schools. That's why units in Rafflesia rarely sit empty.