2 Bedroom apartment for sale in Berea Towers.

R195,000
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 101m2 apartment that has two-bedrooms, lounge(enclosed and can be used as a bedroom), kitchen, separate bathroom and an toilet.

The total rental income that currently achieved is R 7 045-00 pm.

Calculation:

Purchase with Bond (90%):

R 195 000.00 Bond at 90 %

=R 1 902.00 pm.

Monthly Levy

=R 1 716.31 pm.

Rental Management fee (if applicable)

=R 810.00 pm.

Total

=R 4 428.31 pm.

R 7 045.00 rental income - R 4 428.31 expenses

=R2 616.69 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 716.31 pm.

Rental Management fee (if applicable)

=R 810.00 pm.

Total

=R 2 526.31 pm.

R 7 045.00 rental income – R 2 526.31 expenses

=R 4 518.69 Cashflow positive.

Gross Yield: 43% at R 7 045.00 rental income

Property Features
Property Type
Apartment
Bedrooms
2
Bathrooms
1
Living Area
1
Costs and Terms
Levy
±R1,716.31
Location
Make an enquiry
Interested in this property? Please fill in your details below, and we will contact you as soon as possible.
By clicking on "submit" you agree to our privacy policy.
Property Alerts
Receive email alerts for properties matching your criteria.
You may also be interested in these properties
Property #2239486, Apartment for sale in Hillbrow
R 250,000
Apartment for sale in Hillbrow
One Bedroom Apartment For Sale In Ark Royal.
A spacious 82m² apartment in Hillbrow offers positive cash flow and high yield, with potential rental income of R4,800.
1
1
82m²
Property #2249718, Apartment for sale in Joubert Park
Just Listed
R 225,000
Apartment for sale in Joubert Park
1 Bedroom Apartment For Sale In Regina Heights.
Regina Heights offers a profitable investment with positive cash flow and high yield from a spacious one-bedroom apartment in Joubert Park.
1
1
81m²
Property #2216642, Apartment for sale in Hillbrow
Reduced
R 158,000
Apartment for sale in Hillbrow
1 Bedroom Apartment For Sale In Queen Anne.
A 51m² Hillbrow apartment offers positive cash flow and high yield, with potential rental income of R3,950 monthly.
1
1
51m²