Yeah thats the gist of it.. Then add in for gardeners maid etc.. My elecy and water bills come in higher than my old houses rent)..
Finding villas with a private pool in Patong is simply damn near impossible to rent.. The people that own mega money places dont usually need or wish to rent them so none on the market.. Also while cheap accomodation and houses are available in lots of places getting a big pad with a pool that no one overlooks for pool fun costs money..
This is exessive for my needs at 5 bedrooms and 500 sqm of space.. 3 levels of gardens going down the slope that I never go down etc... but its got a big open plan living space so theres room for the Home Theater and Projector setup, space for my office, an ok wet bar through from kitchen to poolside, etc and after looking for a pool for so long I wasnt going to pass it up..
I know of 2 bed apartments with private pools asking 60 - 70, was offered a boggo 3 bed house with a dinky pool in the garden for 65k just before taking this.. Villas usually cost a lot more and Patong especially.. Lets say a Villa is 25 - 30 mil normal rental returns are often approx 5% return on investment to be bothered renting it.. Well thats 1.25 - 1.5 mil per annum...