This apartment for sale, boasting panoramic windows, offers breathtaking views of the ocean from its prime position atop a cliff. The property, a single-level apartment, features one bedroom and access to a swimming pool, enhancing the allure of its ocean proximity.
Specifications:
Area: The apartment spans an area of 35 m², making it a cozy and intimate space.
Price: Offered at $190,000, the cost equates to approximately $5,425 per square meter, positioning it as a premium ocean view apartment.
Rental Income Overview:
Occupancy Rate: Achieves an impressive 80% occupancy rate, indicating high demand.
Annual Revenue: Generates an average daily revenue of $90, culminating in an annual income of $26,280.
Net Profit: After accounting for expenses and taxes, the net annual profit stands at $26,263, representing a return of 16.5% on this investment property.
Investment Payback Period: The initial investment can be recouped within a timeframe starting from 7 years, showcasing the apartment’s lucrative potential.
Investment Gains from Resale:
Initial Purchase Price: $190,000.
Resale Price: $266,000, offering a substantial profit of $76,000, marking a 40% gain on the resale apartment.
Additional Financial Considerations:
Notary Fee: 1%, divided equally between the seller and the buyer, minimizing upfront costs.
Sales Tax: 11%, also split equally with the buyer, ensuring transparency in transaction costs.
Income Tax: For Indonesian residents, the rate is 10%; for non-residents, it increases to 20%, highlighting the importance of understanding tax obligations.
Costs and taxes associated with the property sale are carefully considered, ensuring a thorough understanding of financial responsibilities.
Property Ownership Details:
Ownership Type: Leasehold, with a 99-year term, offering long-term security.
Completion Date: Slated for March 2024, promising a brand-new living experience.
Latest Update: Information as of July 12, 2023, ensuring the most current details are provided for this ocean view property for sale.
