For those who dont know this place its nearby the pintu belakang Uitm Shah Alam...I think it is the nearest apartment from the Uitm pintu belakang..
I could say that this is one of the best location for landlord who targets the Uitm student
My reason is simply because
- nearest apartment from Uitm in fact walking distance to the campus
- lots of shops down stair of the apartment such as mamak stall,pizza,kfc,7e,workshop,bridal shop,cyber cafe,petrol station,giant and basically you could get anything there
- i-city is only a walking distance also
The only draw back of the apartment is the parking lots..as each of the students owns a car..so a house of six person will have six car and that will cause very limited parking spaces
The most favorable block will be the block near to the main road, looks for block which start with this shop pelita,barra,molek,nasi lemak cinta sayang..most of the student prefers to rent here compared to the block near to the federal highway
The busiest block is the the block with the Barra Restaurant
That is some of the basic info regarding the area.. So lets do the math I think it is more important
| Price : RM 175 000 | Type: Apartments, For sale | Area: Shah Alam |
| Title type: Leasehold | Tenure: 99 | |
| Size: 836 sq.ft. | Bedrooms: 3 | Bathroom: 2 |
Price = RM 175 000
Down Payment = RM17 500
Rental = RM850
Monthly banks installment = RM770 (Let say you take a 90% loan for 30 years for the current BLR 6.6%)
RETURN
Monthly Return (rental – monthly installment) = RM80
Annual Return (monthly return x 12) = RM 960
Return on investment (Annual Return/ Down payment)
= 960/17500 @ 5.49%
So you decide yourself is it a good investment..as for me I would prefer the Valencia apartment
because the return is higher
