|
Yield Breakdown - Paradise Park, Pattaya, Thailand
Paradise Park represents a one off opportunity to enter the ever growing Thai property market for a fraction of the usual price - by investing with experienced developers Iguana Group your investment capital is safe, and as the properties are fully managed a investment in Paradise Park is set to become of of your best performing assets in terms of capital growth (the units are right now at least 25% under typical market value) and rental income (12% should be the average)
Below is the rental income breakdown based on 18,000 Thb per month for a one bedroom unit - this is a low rate by today's standards so again, the projected yields are conservative:
Thai Baht | Great British Pounds | United States Dollars | |
Price of a studio | 1,190,000 | 23,800 | 36,060 |
25% downpayment | 297,500 | 5,950 | 9,015 |
75% due by end 2012 | 892,500 | 17,850 | 27,045 |
Monthly rental income | 18,000 | 360 | 545 |
Annual rental income | 216,000 | 4,320 | 6,540 |
Monthly maintenance | 1,225 | 24 | 37 |
Annual maintenance | 14,700 | 288 | 444 |
Management charge | 18,000 | 360 | 545 |
Net income to owner | 183,000 | 3,672 | 5,551 |
Net income as a % yield | 15.40% | 15.40% | 15.40% |
|