There are two ways to use VND 3 billion (≈ USD 117k): buy a unit outright in that price range, or use it as a deposit and finance the rest. Below are the real numbers for both, from units on sale this morning. Note that Vietnamese banks rarely lend to foreigners, so financing usually means the developer's instalment plan or money raised at home.
Show matching homesPaying cash, you choose from 238 units with no debt. With 70% financing you choose from 1,037 units priced up to VND 10.0bn (≈ USD 390k), in exchange for about VND 69.7m (≈ USD 2,720) a month in repayments.
The largest unit you can buy outright is 75 m² at FOURS TOWER. With financing, the largest within reach is 162 m² at VINHOMES HAI VAN BAY.
Median rent in Da Nang is about VND 223k per square metre a month. A 39 m² unit should rent for roughly VND 7.4m (≈ USD 290) to VND 9.6m (≈ USD 370) a month, around 5.0% a year on the purchase price.
Ask whether the price includes the 2% maintenance fee. Registration fee is 0.5% of the value. Add furniture if the unit is handed over bare. Keep about 3% to 5% of the price aside for these.
Change your purpose or budget to see other suggestions.
Tell us your budget and what you need. You get back a personal sheet: three ways to deploy the money, the cash you need each quarter, expected rent, and the resale price you must reach to break even at your own cost of capital.
A sheet for the exact unit you are looking at: the true total cost under each payment plan, the hidden interest in deferred payment, expected rent, and your break-even resale price.
Our promiseWe tell you the weak points too. If the numbers say do not buy, that is what you will hear.
I run a restaurant chain and a legal and investment advisory firm for foreigners doing business in Vietnam. I am also a registered agent of a primary property distributor, so I earn a commission when you buy through me.
I say that first because it cuts both ways. It means I have a reason to want you to buy, and it also means I have access to the live inventory and can count every unit every morning. The way I keep myself honest is by publishing the numbers, including when they say do not buy.
If you are a foreigner buying in Vietnam, I handle what comes after you choose: proof of funds for moving money in and out, the contract, and rental tax. That is the part a property agent normally leaves to you.