Does the rental income generate positive cash flow?
Both the 969 sqft and 1,206 sqft units in this article when partially furnished have an average rental asking price which is able to cover the monthly instalment. The larger 1,206 sqft when fully-furnished is even able to fetch at RM4,000.
Which investment earns you the highest rental yield?
When fully-furnished, both the two unit types generate a similar rental yield at 5.3% to 5.4%. The generally accepted market average is around a 5% rental yield.
Some of the smaller units which come with 3 bedrooms are a dual key unit which allows investors to rent out a single bedroom. When comparing with other residences around the area, there are already units which cater for single working adults. Thus, we would recommend renting The Goodwood Residences as a whole unit to potential tenants with small sized families so as not to compete.
Should you invest in The Goodwood Residence?
Based on the calculated rental yields, we think The Goodwood Residence is a good property for investment. While we calculate and make predictions based on available data, an investor also needs to consider the time and effort taken, the tenant profile suitability and any other unforeseen risks.
We hope this property research has been informative.