2 Bedroom apartment for Sale in Berea Towers.

R230,000
Property Details

Berea Towers is one of the sectional title blocks in Berea with exceptional potential. A sound opportunity not to be missed.

This is a spacious 105m2 apartment that has two-bedrooms, lounge, separated kitchen with a bathroom and separated toilet.

The rental income that can be achieved is R 6400-00. According to rental managers in the area the general rental income is between R 6400-00 p.m. and R 6 600-00 p.m. if the property is upgraded to their specifications.

Calculation:

Purchase with Bond (90%):

R 230 000.00 Bond at 90 %

=R 2 243.00 pm.

Monthly Levy

=R 1 467.98 pm.

Rental Management fee (if applicable) =R 736.00 pm.

Total

=R4 446.98 pm.

R 6 400.00 rental income – R 4 446.98 expenses = R1 953.02 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 467.98 pm.

Rental Management fee (if applicable) =R 736.00 pm.

Total

=R 2 203.98 pm

R 6 400.00 rental income – R 2 203.98 expenses

=R 4 196.02 Cashflow positive.

Gross Yield: 33% at R 6400.00 rental income

Property Features
Property Type
Apartment
Bedrooms
2
Bathrooms
1
Floor Size
105m²
Living Area
1
Costs and Terms
Levy
±R1,467.98
Location
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