The verdict at Idaman Iris is whole-unit on a uniform plate, and the furnish gradient is the lever that moves the rent. Every card in the 34-card Mudah book is the same unit — 850 sqft, three-bed, two-bath — asking RM1,200-1,500, and the band splits cleanly by furnish: basic or kitchen-renovated at RM1,200-1,300, fully furnished at RM1,400-1,500, a premium of roughly RM200-300 a month for fit-out that pays back fast. Worked on the excerpt-basis median of RM426,500: RM1,300 mid is 3.7% gross, the RM1,500 furnished top is 4.2% — a family-let hold, not a yield machine. The fee line is unusually well-measured for this fleet: RM0.20 psf works out to about RM170 a month on this plate, 11-14% of rent. Zero building-named short-stay, zero dedicated SPEEDHOME listing — the first-mover seat is empty. Whole-unit, furnished, condition-led.
Three ways to run your unit
Pick a model card and put in your own numbers — the rent field loads RM1,400, the fully-furnished floor card of the live entity, and the purchase field stays yours to fill: the only transacted row on record is a four-transaction search excerpt, so a dated basis or valuation is your denominator. The answer updates as you type.
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What can you earn?
First-party first: SPEEDHOME's board carries zero dedicated Idaman Iris listings — "Zero Deposit Houses for Rent in Idaman Iris Bayan Lepas · 7 nearby". The corridor's demand counters are other buildings: One Foresta at RM1,100 with 66 chat requests and 5 viewings booked, against another One Foresta plate at RM2,200 with 56 and 4 — a price-elasticity pair worth reading twice; Mahsuri Apartment at RM1,250 pet-friendly with 3; Forestville at RM1,900 with 19 and RM1,700 with 12; Halaman Cendana at RM1,500 with 17. An empty dedicated seat in a corridor with those counters is a listing opportunity, not a demand problem.
The rent book, n=34, one plate. Mudah's entity title reads "34 Apartment / Condominium For Rent Idaman Iris in Sungai Ara, Penang", and the cards are uniform: "RM 1,400 per month Idaman Iris Condominium For Rent Fully Furnished 850 sq.ft 3 BedRooms 2 BathRooms"; "RM 1,500 Fully furnished … (move in condition) 850 sq.ft"; "RM 1,300 per month [basic/kitchen renovated] 850 sq.ft"; "RM 1,200 per month [medium][basic renovation] 850 sq.ft". Freshest cards are under a day old; every card is agent-run (All Star Realty, GPS Allstars, B J Homes, and named agents) — a liquid, professional, fully intermediated market. Portal guides corroborate the band (RM1,200-1,400 furnished per PenangProperties; RM1,500 for the 850 sqft three-bed per Trovit); a PropertyGuru floor of RM950 is an unreconciled excerpt, noted, not used.
The denominator is excerpt-basis, labelled. Brickz's row — "Idaman Iris have 4 sold Apartment Transactions. Median price RM426,500(489 psf), Price range RM350,000(P25) - RM480,000(P75). Dated 07/04/2025 - 13/02/2026" — is quoted verbatim and never loaded: four transactions is a thin, search-excerpt-grade base. Guides frame it: RM390,000-430,000 (PenangProperties), "selling prices from RM370,000" (PropertyGuru), "market price ~RM400,000, 448 units, completed 2012" (irumah — which also corroborates the family record). Labelled derivations, gross: RM1,300 × 12 = RM15,600 on RM426,500 = 3.7%; RM1,500 × 12 = RM18,000 on RM426,500 = 4.2%; across the RM390,000-430,000 guide band the full cross runs 3.3-4.6%. See the real cost of self-managing a rental.
The fee line, measured for once. PenangProperties prints a service charge of about RM0.20 psf — roughly RM170 a month on the 850 sqft plate, 11-14% of rent across the band, with the sinking-fund split unstated; the latest statement still governs. Quit rent and assessment: not published (freehold — a title-document fact). Short-stay: zero building-named Airbnb cards; the search page's RM301-3,261 per five nights belongs to SPICE, Victoria Heights, Pisa and Queensbay stock — not this building. Rooms: a single RM500 room-tier card excerpt with the unit type unstated — one observation, not a market; per-room economics stay unmeasured and the registry bands remain the labelled default.
Why a one-block cooperative-built estate on a uniform plate runs whole-unit
Idaman Iris is Koperasi Tunas Muda Sungai Ara's freehold single-block scheme at Persiaran Relau — one 16-storey block, 448 units, completed 2012, every unit the same ~850 sqft three-bed two-bath plate, serving INTI International College and the Bayan Lepas free industrial zone. A uniform plate is the cleanest whole-unit case there is: there is no premium plate to price, no layout arbitrage to chase, and the only variables that move the rent are furnish and condition — exactly what the RM1,200-1,500 gradient prices. Cooperative-built schemes also tend to write conservative house rules; the written management position gates rooms and short-stay before either is a plan, and with zero short-stay presence and one unpriced room observation, neither has evidence behind it anyway. The scarce card is the pet-friendly whole unit — pet-friendly setups earn roughly 15-20% more where allowed, market context from the operator registry — and SPEEDHOME coliving is cat-friendly — cats welcome in our coliving rooms — whatever the handbook says; the offer is our policy, the by-law variance is one line in the same letter.
5 checks before you commit
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Read the house rules as they stand today — the cooperative scheme's written position on multi-tenancy, pets, renovation and short-stay is the gate on every model above whole-unit. SPEEDHOME coliving is cat-friendly — cats welcome in our coliving rooms — whatever the handbook says. Done: the current by-law text, in writing.
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Get the current fee schedule — the RM0.20 psf print is portal-guide grade, sinking-fund split unstated, worth about RM170 a month on this plate. The latest AGM pack carries the revisable rate and the audited reserves. Done: the latest pack, in writing.
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Read the real title document — freehold, MBPP; the individual issue document of title confirms the parcel and settles the block-storey confirmation this page carries as pending. Done: you hold the copy.
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Price from a dated basis, not a four-transaction excerpt. The RM426,500 median is quoted, never loaded; your dated basis is a valuation plus a same-week entity scan of the 34-card book. Done: your offer references them.
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Spend on furnish, not on structure — the RM200-300 monthly gradient between basic and fully furnished is the measured payoff for fit-out capital; RM20,000 lean and RM40,000 premium are SPEEDRENO planning assumptions, not quotes. See the SPEEDRENO fit-out guide. Done: scope stays reversible.
FAQ
What yield does Idaman Iris give?
Gross, on the excerpt-basis median of RM426,500: RM1,300 mid = RM15,600 a year = 3.7%; the RM1,500 furnished top = RM18,000 = 4.2%. Across the RM390,000-430,000 guide band the full cross runs 3.3-4.6%. Net gets unusually good support here: the RM0.20 psf service charge is measured at about RM170 a month, 11-14% of rent.
Can you rent out rooms at Idaman Iris?
One RM500 room-tier card exists as an excerpt with the unit type unstated — a single observation, not a market. Per-room economics are unmeasured; the written management position gates any split. See the room rental and co-living guide.
Is short-stay letting allowed at Idaman Iris?
Zero building-named Airbnb cards were measured — there is no short-stay market operating under this building's name, and the corridor stock belongs to other buildings. The written by-law position governs regardless; underwrite zero short-stay income until the letter says otherwise.
Are pets allowed at Idaman Iris?
The MC's stance is not published. Pet-friendly setups earn roughly 15-20% more where allowed — market context from the operator registry, not a measured Idaman Iris figure; the pet-friendly card in the corridor is another building. SPEEDHOME coliving is cat-friendly — cats welcome in our coliving rooms; the offer is our policy, and the by-law variance travels in the same letter.
What running it looks like
Setup is two documents: the title copy (freehold parcel in the single block) and the current house rules — the gate on everything above whole-unit. The work is one furnished 850 sqft card to a screened household — the gradient says furnished is worth RM200-300 a month more — zero deposit, SPEEDHOME runs the listing, the viewings and the rent collection, and you approve the tenant before anything is signed. The plans sit on top: Standard at RM799 + SST a year, Protect at one month's rent, Protect+ at one and a half.
Ready? List your Idaman Iris unit with SPEEDHOME — zero deposit, we run the viewings, you approve the tenant.
The own-board parse, the 34-card Mudah entity read, the Brickz excerpt, the fee print and the Airbnb search are reads of 11 October 2026 (evidence file idaman-iris-bayan-lepas-market-evidence-2026-10-11.yaml); the RM15,600, RM18,000, 3.7%, 4.2%, 3.3-4.6%, RM170 and 11-14% figures are labelled derivations from those inputs; the RM426,500 / 489 psf / RM350,000-RM480,000 Brickz row stays a quoted four-transaction excerpt, never a loaded denominator; the RM950 PropertyGuru floor stays an unreconciled excerpt; the RM301-3,261 nightly page stays corridor stock, never this building. More: the room rental and co-living guide and the SPEEDRENO fit-out guide.