| Illustration of an HDB flat and Singapore dollar bills representing rental income and expenses breakdown |
I've shared my rental income numbers a few times on this blog, from $2,800 to $3,400 gross rent jump in my
$2200/month side income update, to
breaking even on our ABSD ahead of schedule. But I've never actually sat down and shown the full
HDB rental expense breakdown behind those net figures. So today, let's go through it properly with real numbers.
Key Takeaways
- Gross rent: $4,000/month ($48,000/year)
- Total annual expenses (vacancy, agency fee, taxes, S&CC, repairs): $14,906.10
- Net rental income: $33,093.90/year (~$2,758/month)
- Roughly 31% of gross rent goes to costs. We only keep about 69% of the rental figure
The Setup
Our HDB is rented out at $4,000/month, with no outstanding mortgage on it. Since we're not living in it ourselves, it's taxed at the
non-owner-occupied property tax rate. Here's everything that comes off that $4,000 before it becomes real "income."
- Vacancy Between Tenants
...
