ASIA USA REALTY (Singapore)
asiahomes.com PTE LTD
ASIA USA REALTY (Singapore)
asiahomes.com PTE LTD
USA PROPERTY
INVESTMENTS
Homes
that do not cost the earth!
AFFORDABLE SINGAPOREAN DREAM
Own a dream bungalow with pool in a good class bungalow area of 68 bungalows FOREVER with the possibility of CASH in your pocket. July 5, 1997
| Raintree | Oakwood | Birchwood | |
| Freehold land: 11,000 sq. ft/lot | |||
| No. of bedrooms | 4 | 3 | 3 |
| Floor area: (include porch/doorway) | 2,379 sq. ft | 2,433 sq. ft | 2,489 sq. ft |
| Sales Price with pool (unfurnished) (US$) | $141,400 | $143,800 | $147,300 |
| Furnishings & appliances | $ 10,000 | $ 10,000 | $ 10,000 |
| Total Sales Price (furnished)* | $151,400 | $153,800 | $157,300 |
| Legal, Bank, Stamp fees (Settlement costs) | $ 3,500 | $ 3,500 | $ 3,500 |
| Total Acquisition Costs | $154,900 | $157,300 | $160,800 |
INCOME/EXPENSE PROJECTION BY CENTRAL FLORIDA 2000, INC. (RENTAL AGENT)
for 4-bedroom investment bungalow (Raintree model, US$141, 400)
| Average weekly rate (after deduction of management/maintenance fees) | |
| high season $485 x 33 wks | $16,005 |
| low season $415 x 19 wks | $ 7,885 |
| Total net income for 52 wks ($459/wk) | $23,890 |
| Total net income @ 80% occupancy (conservative figure) | $19,112 |
| Less property tax | ($ 1,500) |
| Less 3rd party liability & fire insurance | ($ 500) |
| NET OPERATING INCOME | $17,112 |
| Less Annual Debt Service @ 7.4%,30 years, 70% loan* ($105,980) | $( 8,801) |
| CASH FLOW BEFORE TAXES | $ 8,311 |
INVEST IN A 4-BEDROOM FOR HIGHER RENTAL RETURN
| Gross rental revenue estimated at $700/wk @ 80% occupancy: | $29,120 |
| Gross return on purchase: $29,120/ Sales Price x 100 | 21%** |
| Net rental revenue at $459/wk @ 80% occupancy: | $17,112 |
| Net return on purchase: $17,112/ Sales Price x 100 | 12% |
| Equity (cash outlay at 30% of total sales price + settlement costs) | $48,920 |
| Gross return on Equity: $29,120/($45,420+3,500) x 100 | 60% |
| Net return on Equity: $17,112/$48,920 x 100 | 35% |
| Payback period: Sales price/annual rent ($141,400/$29,120) | 4.9 years |
**Excellent investment as Singapore’s & Australian rental properties give a gross return of less than 6%.
Freehold, RESALE TO FOREIGNERS ALLOWED, no levy for foreign purchasers; Florida State disallows other NEW developments to rent weekly to tourists, the upward increase in tourism and population growth in Orlando, the prime location, being 7-minute drive from the Walt Disney World are factors favouring higher capital appreciation. Phase 2 developments will give you less land, at 6,500 sq. ft/lot . BUILD WEALTH FOR YOUR CHILD, YOUR RETIREMENT OR FOR YOUR STAFF by buying prime, easy to rent property and letting the tourists pay for the bank loans. See http://www.asiahomes.com at Foreign Properties USA for more information and at Tips for Foreign Property Investment on how to evaluate your property investments.
For more
Information :
Dr Sing Kong Yuen
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