RENT TO OWN SM Light Residences Mandaluyong Condo
- For Sale
- Residential Condominium
- 1 Bedroom
- 1 Bathroom
- 23.47 sqm.
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- 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.
- 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
- 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
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)
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Frequently asked questions about RENT TO OWN SM Light Residences Mandaluyong Condo
How much is the monthly payment for this property?The monthly payment is ₱ 27,149 for 12 years for a downpayment of ₱ 660K
Where is the property located?The property is located in Mandaluyong, Metro Manila. You can view more Condominiums and Apartments for sale in Mandaluyong, Metro Manila on this page
Who can I contact if I am interested with the property?If you are interested with the property or if you need more information, you can leave a message to Mark Jayson de Jesus on this page. Mark Jayson de Jesus will immediately get back to you after receiving your message.
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