Should I invest $400,000 in properties to earn rental income?

I am 38 years old. I have a 120-square-meter plot of land with a façade, a VND3 billion one-story house in Chuong My, a rural district in the southwestern part of Hanoi, and a VND1 billion savings.

Additionally, I have invested VND5.5 billion in fund certificates since 2021.

The profit rate for this investment over the past three years has been about 60%, but I do not want to put all my eggs in one basket.

My spouse and I earn an average of VND225 million per month.

We already have a car and currently rent an apartment for VND15 million per month.

I am considering different investment options.

- Borrow an additional VND200 million then combine that with my VND1 billion savings to buy a plot of land in the countryside and hold onto it for about two to three years.

- Sell the one-story house, use my savings plus a VND2-3 billion loan to buy a mini apartment building in the My Dinh area near the city center. I estimate that this property can generate a monthly rental income of VND30-40 million.

- Sell the one-story house, use my savings plus a VND2 billion loan to buy a 100-square-meter apartment unit in Cau Giay District in the western part of Hanoi.

I want to focus on real estate investment that can generate a monthly cash inflow.

I hope readers with experience can advise me on which option to choose, or if there are any other options. Thank you!

Reader Duy

*The question was translated into English by AI.