1 Bedroom apartment for sale in St Anthony.

R165,000
Property Details

St Anthony, located in Joubert Park Johannesburg is the perfect investment opportunity for investors.

This is a one bedroom apartment that has a kitchen, enclosed lounge, kitchen and bathroom. There is also a open balcony.

The unit is currently tenanted. The potential rent for the unit is between R4727.00 - R5000.00. This is currently achieved and paid by the tenant.

Calculation:

Purchase with Bond (90%):

R 175 000.00 Bond at 90 %

=R 1 707.00 pm.

Monthly Levy

=R 1 435.00 pm.

Rental Management fee (if applicable)

=R 543.60 pm.

Total

=R 3 685.60 pm.

R 4 727.00 rental income - R 3 140.28 expenses

=R 1041.40 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 435.00 pm.

Rental Management fee (if applicable)

=R 543.60 pm.

Total

=R 1 978.60 pm

R 4 727.00 rental income – R 1 978.00 expenses

=R 2 748.40 Cashflow positive.

Gross Yield: 32.4% at R 4727.00 rental income

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
76m²
Living Area
1
Costs and Terms
Levy
±R1,435
Location
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