for those plans to buy housing loans when the landlord is in the loan interest rate when you want to 30% that floats must be careful to make a decision, because when relatively high lending rates, buy investments may not be cost-effective.
took Fu Avenue, a building located in China, for example, the price 9,783 Yuan/square meter in the properties for sale, the housing mortgage on the fair can enjoy 97 percent, price was $ 9,489/square meters.
if the purchase of a 70 square meter two-bedroom, total price to more than 660,000 yuan, down 60%, also looking for bank loans of more than 260,000 yuan. Second Suite lending rate floating 30%, 8.84% implementation of loan interest rate, if you choose a loan term is 20 years, matching the principal and interest repayment, monthly for $ 2312.6, loan interest for the period amounted to $ 295024.03, without early repayment, the total repayment amount will amount to $ 555024.03.
even after good rental housing decoration, monthly rent also may not be able to still months of recovery. In a mature residential area near the buildings, the current two-room Office of a monthly rent of around $ 1200. Even $ 2000 per month rent successful rental, rent for $ 24,000 a year received, in the case of housing appreciation part is not calculated, actual yield well to catch the 8.84% of loan annual interest rate.
