Student House in PJ Area, Nice investment?
I have been observing the Student House market in PJ Area (SS2, Section 17).The lowest rental fees in SS2 is RM1500 for a 4+1 room.
What I see is it is impossible to get no tenant for your house.
Impossible, there is UTAR Petaling Jaya and Universiti Malaya student.
The market price is RM1500, up to RM1900 or RM1700.
Let's say the house cost you RM500,000.
10% initial payment and monthly re-payment to bank.
After 10 years, the total rental you will get is RM1500 x 120 = RM180,000 minimum.
And through out the 10 years, let's say you pay RM3000 per annum for legal fees and minor renovation.
That is RM150,000 profits + house value increment upon your selling after 10 years.
Anyone agree?
Because I don't have any experience, so prefer for people's comment.
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