Highrise located in Berea is the centre of attraction for investors.
The building is stable with good security providing safe conditions for its residents.
This 48m2 unit offers a spacious bachelor apartment with fitted wardrobes, kitchen, and a separated full bathroom.
Rental income R3300.00 excluding utilities can be achieved.
Calculation:
Purchase with Bond (90%):
R 100 000.00 Bond at 90 %
=R 975.00 pm.
Monthly Levy
=R 1 038.18 pm.
Rental Management fee (if applicable) =R 379.50 pm.
Total
=R 2 292.68 pm.
R 3 300.00 rental income - R 2 292.68 expenses
=R 1007.32 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 038.18 pm.
Rental Management fee (if applicable) =R 379.50 pm.
Total
=R 1 077.68 pm.
R 3300.00 rental income – R 1 077.68 expenses
= R 2 222.32 Cashflow positive.
Gross Yield: 39.6% at R 3300.00 rental income
