Down payment: 1,020,000 Remaining: 650,000 Monthly installment: 18,000 Leased for 115,000 in 4 installments Rent ends next August

Let's break down the financial details based on the information you've provided:

Down payment: 1,020,000
Remaining balance: 650,000
Monthly installment: 18,000
Leased for: 115,000 (in 4 installments)
Lease ends in: August
Understanding the remaining balance and payment schedule:
Remaining Balance:
The remaining amount to be paid is 650,000.

Monthly Installments:
You are paying 18,000 per month. To calculate how many months it will take to pay off the remaining balance:

650
,
000
18
,
000
≈
36.11
months
18,000
650,000

≈36.11 months
So, it will take about 36 months to pay off the remaining 650,000.

Leased Amount:
The lease is generating 115,000, paid in 4 installments. Assuming these installments are evenly distributed:

115
,
000
4
=
28
,
750
per installment
4
115,000

=28,750 per installment
The lease payments will total 115,000, and they will likely cover part of your monthly obligations, depending on the payment timing and your financial plans.

Rent Ends in August:
Depending on today's date, we would need to assess how the lease income affects your monthly cash flow.

If you are interested in a more detailed financial forecast, such as how long the leased payments cover your monthly installment obligations or any other aspects, feel free to let me know!

By messaging ChatGPT, you agree to our Terms and have read our Privacy Policy.
Don't share sensitive info. Chats may be reviewed and used to train our models. Learn more

Property details

Property Type

Apartment

Property Size

3,400 sqft / 316 sqm

Bedrooms

3 + Maid

Bathrooms