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Sold

Cheapest 2-bed at Aspire Sukhumvit 48฿300K below next cheapest unit7.5% rental yield

53.91 sqm

2 beds

1 bath

Floor 8

Sold

฿3,700,000

฿68,633/sqm

Rental yield

7.5%

Median asking rent

฿23,000/mo

Next cheapest

฿4.00M

No longer available
Sold in 42 days

Investment Highlights

Lowest-priced 2-bed unit in Aspire Sukhumvit 48

7.5% gross rental yield at median asking rent

Near BTS Phra Khanong and East Sukhumvit tenant demand

Why This Is a Strong Entry Price

At ฿3.70M, this is currently the lowest-priced 2-bedroom unit in the building.

NEXT CHEAPEST UNIT

฿4.00M

฿300K above this unit

TREASURY VALUATION

฿4.20M

฿500K above this unit

MEDIAN ASKING PRICE

฿4.90M

฿1.20M above this unit

Current asking prices for comparable units

Each bar on this chart represents one active comparable 2-bedroom listing in Aspire Sukhumvit 48 (~54 sq.m.), ordered from lowest to highest asking price. The green bar is this unit. Based on listings across major property websites excluding duplicates.

Cheapest51 listingsMost expensive

What Return This Unit Can Generate

At ฿23,000/month (median asking rent), this unit is expected to generate ~7.4% yield.

This model uses the current median asking rent for comparable 2-bed listings in the building, not a top-of-market rent assumption.

EXPECTED RENT

฿23,000/mo

Expected rent

NET INCOME

฿224,400/yr

After vacancy & costs

NET YIELD

6.0%

Net of all costs

How this return is calculated

Acquisition basis

฿3,700,000 + ฿41,996 buyer transfer fee

฿3,741,996

RENTAL INCOME

Annualized

Gross Rental Income (฿23,000 x 12)

฿276,000

Adjusted Occupancy (95%)

-฿13,800

Effective annual rent

฿262,200

Annual operating expenses

Annual run-rate

Common Fee (฿1,887/month x 12)

-฿22,642

Agent Commission (1mo rent, 2yr turnover)

-฿11,500

Maintenance, Tax & Miscellaneous

-฿3,700

Total annual costs

฿37,842

Net operating income

฿224,358

Net yield

6.0%

Comparable rental listings behind the expected rent

These are recent comparable 2-bed rental listings in Aspire Sukhumvit 48 (~54 sq.m.), ranked from lowest to highest asking rent. The expected rent used for this deal is ฿23,000/month.

midpoint

Buying with a Mortgage?

This shows your net return after all expenses. It starts with the net rental income above, then subtracts mortgage payments to show what you keep after financing.

Loan Terms

80%
3%

Cash Needed & Payments

Cash Needed

฿781,996

Monthly Payment

฿12,479

Your Return

Annual Cash Flow

฿74,604

Cash-on-Cash Yield

9.54%

Location and Tenant Demand Drivers

Aspire Sukhumvit 48

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Project Facts

Year built
2013
Units
837
Floors
30 floors
Land area
5-0-98.3 Rai
1 / 3

Building Amenities

  • Swimming pool
  • Fitness center
  • Jogging track
  • Garden
  • Covered parking
  • 24hr security and CCTV
  • Coffee shop
  • Laundry room
  • Pets not allowed

Acquire This Unit

Size
53.91 sqm
Bedrooms
2 beds
Bathrooms
1 bath
Floor
8
Foreign quota available
Total price
฿3,700,000
Price / sqm
฿68,633/sqm
Rental yield
7.5%
Median asking rent
฿23,000/mo
Next cheapest
฿4.00M

Still evaluating this deal?

If you want more details or have a specific question, just let us know. We're happy to help.

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