Income from renting out apartments:l Profit including expenses and taxes per year - $31,877 (14.6%) Payback - 5-10 years
Income from purchase and sale in 5 years: Purchase price: $265,000 Sale price: $421,350 Profit: $156,350 (59%+)
Expenses and taxes for the sale of a property are calculated individually and depend on various factors.
General expenses and taxes: Notary fee 1% (shared with the buyer 50/50) Tax on the sale of the property 11% (shared with the buyer 50/50) Income tax for a resident of Indonesia (10%) Income tax for a non-resident of Indonesia (20%)
Conditions of real estate ownership: Type of ownership of land and real estate - leasehold 27 years