Commercial property in Singapore, is it worth it?

[Samuel Chua]

I did a small calculation on a 920k property

- 20% downpayment (184k)

- 80% loan (3.1k) a month

- monthly rent (3.5k) for 30 years at 3%

- cash flow, after deducting taxes and everything, it will be -$603

- hence, I will be bleeding every month.

However, I realised that Even if I bleed $603 every month, by the end of 30 years, I would have bled a total of 217k. Add that to my 184k (downpayment) and I have spent a total of 401k on this property. However, when I sell this property, I will be selling it at around 1.1million (inflation) and I will be gaining more money (699k) overall. Hence, does this make a good investment?