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Mount Sophia Suites (D9), Apartment - For Sale

A good product for long term savings plan
668 sqft | $1,647 psf (Built)
$1,100,000
(Negotiable)
1 Beds
1 Baths
Estimated mortgage $X,XXX monthly
CEA: R044561H | L3009250K
Hi I'm Gary Goh Chin Leong
Enquire Now
Listings
*****AT A GLANCE*****

+ Nearby new 99 years project selling at $1.3m and above with unit size under 500 sqft
+ Selling below valuation, $1.15m negotiable

Good savings plan for investors!!!
- Assuming Purchase Price at $1.1M
- Downpayment CPF $220k + Cash $55,000
-Assuming rental at $2,750 per month
- Est. Net rent = $2,750 x 0.8 = $2,200 (minus tax and maintenance fee)
- Installment over 30yrs @ 1.5% INT = $2,850
- CPF contribution $650 per month
- Cash commitment for installment = $0 (Installment - Net rent + CPF contribution)
- Principal loan paid down monthly = est. $1,900 (about 2/3 of installment goes to principal)

- Over 10-years;
Principal paid down = est. $228,000
CPF contributions = est. $89,500 (include accrued INT of 2.5%)
Outstanding loan = est. $590,000
Sale price $1.1M (without factoring inflation)
Total Sale Proceeds = est. $415,000 (inclusive of 25% DP)
Amount back to cpf = est. $370,000
Cash = est. $140,000
Est. ROE = $415k - $275k (DP) = $140k
Est. ROE (%) = $140k / $275k x 100 = 50%
Est. ROE per year = 5%
Est. Cash on Cash ROE = $140k (cash) / $55k (DP) = 2.55* 100 = 255% / 10 yrs = 25.5% p.a.

*Disclaimer: above figures are based on estimates.

+ Mt Sophia Suites is conveniently located on the foot of Mt. Sophia Hills, much easier and more convenient for tenants without having to ascend the hill
+ Ground floor with direct access to the pool
+ District 9 and Freehold
+ GOOD investment choice for its convenient location and freehold status
+ Within the Mount Sophia enclave
+ Hippy estate
+ Under 10mins walk to Plaza Singapura and Dhoby Ghaut MRT station
+ 2 MRT stops to Raffles Place station

Call Gary @ 9851XXXX
Read more
Gary Goh Chin Leong
CEA: R044561H
9851XXXX
CEA: R044561H | L3009250K
Hi I'm Gary Goh Chin Leong
Enquire Now
Listings
About this property
Address
Sophia Road
Property Name
Property Type
Apartment
Model
Apartment
Bedrooms
1
Bathrooms
1
Furnish
Partially Furnished
Tenure
FREEHOLD
Developer
BS Mount Sophia Pte Ltd
Built Year
2010
No. of Units
50
Asking
$1,100,000 (Negotiable)
Size
668 sqft (Built-up)
PSF
$1,647 psf (Built-up)
Tenancy Status
Not tenanted
Date Listed
1610937643
Facilities
Air Conditioning
Corner Unit
Swimming Pool View
Bathtub
Cooker Hob/hood
Intercom
Water Heater
Balcony
Bombshelter
What's in this area?
All
Trains (MRT & LRT)
Schools
Shopping Malls
Groceries & Supermarts
Trains (MRT & LRT)
DHOBY GHAUT MRT
CC1 NS24 NE6
BENCOOLEN MRT
DT21
LITTLE INDIA MRT
DT12 NE7
Primary Schools
St. Margaret's Primary
0.21 km
Anglo-chinese School (junior)
1.04 km
Stamford Primary
1.19 km
Secondary Schools
School Of The Arts, Singapore
0.36 km
Integrated Schools
School Of The Arts, Singapore
0.36 km
Shopping Malls
Plaza Singapura
0.24 km
Parklane Shopping Mall
0.33 km
Paradiz
0.35 km
Groceries & Supermarts
Cold Storage Pomo Centre
0.35 km
Sheng Siong Hypermarket(The Verge)
0.67 km
Cold Storage Centrepoint
0.78 km
Google Map
Tap to Zoom
Bus/MRT
- mins
Drive
- mins
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- mins
DHOBY GHAUT MRT
CC1 NS24 NE6
0.38 km
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- mins
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- mins
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BENCOOLEN MRT
DT21
0.52 km
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- mins
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LITTLE INDIA MRT
DT12 NE7
0.58 km
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- mins
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- mins
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- mins
St. Margaret's Primary
0.21 km
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- mins
Drive
- mins
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- mins
Anglo-chinese School (junior)
1.04 km
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- mins
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- mins
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Stamford Primary
1.19 km
Bus/MRT
- mins
Drive
- mins
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- mins
School Of The Arts, Singapore
0.36 km
Bus/MRT
- mins
Drive
- mins
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- mins
School Of The Arts, Singapore
0.36 km
Bus/MRT
- mins
Drive
- mins
Walk
- mins
Plaza Singapura
0.24 km
Bus/MRT
- mins
Drive
- mins
Walk
- mins
Parklane Shopping Mall
0.33 km
Bus/MRT
- mins
Drive
- mins
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- mins
Paradiz
0.35 km
Bus/MRT
- mins
Drive
- mins
Walk
- mins
Cold Storage Pomo Centre
0.35 km
Bus/MRT
- mins
Drive
- mins
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Sheng Siong Hypermarket(The Verge)
0.67 km
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Cold Storage Centrepoint
0.78 km
Bus/MRT
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Home Price Insights
SRX estimates the market price of this unit at $XXXXXX
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X-Value is provided for general reference and does not constitute a valuation by a licensed appraiser. StreetSine Singapore Pte Ltd accepts no liability whatsoever arising from any use of or reliance on the X-Value. Use of X-Value is subject to SRX's Terms of Use and Privacy Policy
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