looking to buy a condo to rent out.
so if you want to maximize rental income, where would you buy?
based on some online research and speaking to thais, I have come up with some numbers.
a 4 million baht apartment will get 40 square meters in a prime area and you can get 25,000 baht rent per month
a 5 million baht apartment will get 50 square meters in a prime area and you can get 30,000 baht rent per month
are these figures accurate? I'm not talking about the best deal anyone has ever gotten, just your average investment property.
there are a couple of variables factoring in to this all
1-location and proximity to trains
2-new construction or not
3-serviced apartment or not
4-what floor of a high rise
if you can only get these rental prices for serviced apartment, I assume the maintenance or monthly costs are high and would eat into the rental income considerably.
What is a reasonable maintenance charge on a 4 and 5 million baht luxury apartment in sathorn or sukhumvit(specifically the thonglo area) Seems like these are the 2 best areas when trying to maximize rent.
can't really seem to get answers on the chidlom area, maybe there aren't many condos there or is it too expensive to maximize rent like siam and silom??
Everything here is based on online research and assumptions so I am just wondering if this is all accurate.
Any help would be appreciated!
