Cheap boarding houses in Renon Bali

Specification

Description

Property Cash Machine The boarding house is in the Elite Renon - Denpasar - Bali area. The land area is 200 M2, with a building area of approximately 160 M2. There are 5 bedrooms with ensuite bathrooms, available for rent rent IDR 800,000 / Room / Month. Occupancy level above 90%. There is great potential for development, because it already has market share, used as an elite boarding house on the 2nd floor, you can get a minimum of 15 rooms, with parking space which is quite spacious. If rented at a price of 1.5 million / room / month, you will get passive income IDR 22,500,000 / month, or IDR 270,000,000 for 1 year. In a rough calculation, you will have returned your capital in the 8th year, assuming the boarding house rent is still there the same, but if in the 2nd or 3rd year you can increase the rental price, it means the ROI is faster.