Resale Below Market Value SM Light Residences Mandaluyong Condo ALL IN
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Property Updated Nov 8, 09:33 AMViews: 146
In Demand

Resale Below Market Value SM Light Residences Mandaluyong Condo ALL IN

₱ 3,300,000
  • For Sale
  • Residential Condominium
  • 1 Bedroom
  • 1 Bathroom
  • 23.47 sqm.
Estimated payment:
20 years to pay at 8% interest rate.
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There are 1,559 buyers looking for Condominiums and Apartments For Sale in Mandaluyong, Metro Manila.
Property posted by:
Mark Jayson de Jesus
Joined June 2019
Replies within the day
Contact the Seller
Property Details
  • Condominium/Apartment Type: Residential Condominium
  • Number of Bedrooms: 1
  • Number of Bathrooms: 1
  • 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
ALL IN! No additional charges for transfer of title

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 3,300,000.00
20% Down Payment: Php 660,000.00

LEASE WITH OPTION TO PURCHASE SCHEME:
10% Spot Down Payment : Php 110,000.00
** Move-in upon pre-approval of loan.
10% Down Payment: Php 110,000.00 payable in 12 months
12 months Monthly Payment: Php 27,500.00 /month

Balance thru Bank Financing: Php 2,640,000.00
Estimated Monthly Amortization
5 years to pay @ 8% interest per year: Php 53,529.68 /month
10 years to pay @ 8% interest per year: Php 32,030.48 /month
15 years to pay @ 8% interest per year: Php 25,229.22 /month
20 years to pay @ 8% interest per year: Php 22,082.02 /month
Required Monthly Income for 15 years to pay: Php 73,606.73 /month (Combined Family Income)
** NOTE: Transfer of Title Fees, Bank Charges, and Processing Fees INCLUDED

http://homeguideph.com/light-residences-001/

Map
Affordability
Estimated Monthly Payment*
₱ 22,082
Property Price
₱ 3,300,000
Downpayment
₱ 660,000
Loanable Amount
₱ 2,640,000
Payment Terms
20 year(s)
Interest Rate
8%
Suggested Monthly Income**
₱ 55,205
More properties for ₱ 60,000 monthly income
* The figure shown above is only an estimate for reference. The final rate should be provided by the financing company.
** The allotted monthly payment can go as high as 40% of the monthly gross income/salary..
Inquire about this property
Provide your complete contact details to receive information faster.
Property posted by:
Mark Jayson de Jesus
Joined June 2019
Replies within the day
Contact the Seller

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