RENT TO OWN SM Light Residences Mandaluyong Condo

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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