RENT TO OWN SM Light Residences Mandaluyong Condo
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Property Updated Dec 3, 2023Views: 355
In Demand

RENT TO OWN SM Light Residences Mandaluyong Condo

₱ 3,300,000
  • For Sale
  • Residential Condominium
  • 1 Bedroom
  • 1 Bathroom
  • 23.47 sqm.
Property posted by:
Mark Jayson de Jesus
Last online Jan 8
Contact the Seller
Inquire about this property
Provide your complete contact details to receive information faster.
Property posted by:
Mark Jayson de Jesus
Last online Jan 8
Contact the Seller
There are 2,126 buyers looking for Condominiums and Apartments For Sale in Mandaluyong, Metro Manila.
Property Details
Address:
SM Light Residences, EDSA cor. Madison St., Highway Hills, Mandaluyong City
  • Project: SM Light Residences
  • Condominium/Apartment Type: Residential Condominium
  • Number of Bedrooms: 1 bedroom
  • Number of Bathrooms: 1 bathroom
  • Unit Size in sqm: 23.47 sqm.
Amenities
  • Cinema hall
  • Club house
  • Commercial center
  • Function room / hall
  • Garden
  • Gym
  • Kiddie pool
  • Open deck
  • Party hall
  • Play area / playground
  • Restaurants
  • Swimming pool
  • Walking / jogging track
Features
  • 24-hour maintenance
  • 24-hour security services
  • CCTV
  • Elevators
  • Entrance gate
  • Garbage room
  • Green building compliant
  • Heat & smoke detectors
  • Intercom system
  • Power backup
  • Water supply
  • Wi-Fi connectivity
Description

Selling price: Php 3,300,000.00 NET TO OWNER (CASH or BANK FINANCING)
All expenses for the Transfer of Title including CGT, DST, Transfer Tax, and other processing fees shall be shouldered by the buyer.

RENT TO OWN SCHEME AVAILABLE - check computation below

REASON FOR SELLING: Owners are living abroad. They will use the proceeds as an educational fund for their child. They already have another condo.

UNIT STATUS: Seldom used. There are only 2 tenants who rented the unit ever since it was turned over. One year lease and 6-months lease.

SAMPLE COMPUTATION
1-bedroom unit, 37th floor facing Ortigas / EDSA, FURNISHED, no balcony
Floor Area: 23.47 sqm

Selling Price: Php 3,500,000.00

LEASE WITH OPTION TO PURCHASE SCHEME (RENT-TO-OWN):
5% Spot Down Payment : Php 310,000.00 (Non-refundable)
** Move-in upon payment of DP, Signed Lease Contract, Application For Bank Financing

15% Down Payment: Php 525,000.00 payable in 25months
25 months Monthly Payment: Php 21,000 /month

Balance thru Bank Financing: Php 2,800,000.00
Estimated Monthly Amortization
5 years to pay @ 8.75% interest per year: Php 56,773.90 /month
10 years to pay @ 8.75%interest per year: Php 33,971.73 /month
15 years to pay @ 8.75% interest per year: Php 26,758.26 /month
20 years to pay @ 8.75% interest per year: Php 23,420.32 /month
Required Monthly Income for 20 years to pay: Php 78,067.74 /month (Combined Family Income)

•••••••••••

Property Affordability
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Property posted by:
Mark Jayson de Jesus
Last online Jan 8
Contact the Seller

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