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What is the potential rental yield for 765 Choa Chu Kang North 5?
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To determine the potential rental yield for a property at 765 Choa Chu Kang North 5, you would need to consider the annual rental income and the property's value.
Rental Income
Recent data indicates that rental prices for HDB flats in this area can range from $2,400 to $3,300 per month. Let's assume an average monthly rent of $2,850.
Annual Rental Income
- $2,850 per month * 12 months = $34,200 per year
Property Value
Sale prices for HDB flats in this area have ranged from $310,000 to $415,000. Let's use an average purchase price of $362,500.
Gross Rental Yield
- Annual rental income / Property value * 100
- $34,200 / $362,500 * 100 = Approximately 9.4%
Net Rental Yield
This would be lower once you account for expenses such as maintenance, mortgage payments, and other outgoings. However, without specific expense figures, the gross rental yield provides a general idea of the property's potential.
For a more accurate and up-to-date calculation, you can visit EdgeProp Singapore to access the latest transaction data and rental trends for this specific location.
Thank you for reaching out to EdgeProp Buddy. Please note that I'm still in Beta mode. For detailed insights, it's always a good idea to consult with a real estate professional on topics like this.