Sunnycrest is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.
This is a spacious 97m2 apartment that has two-bedrooms, lounge(subdivided into 2 sleeping areas), kitchen, separate bathroom and separate toilet.
The unit is currently tenanted, and the rental income that is achieved is R 6 000-00 pm.
Calculation:
Purchase with Bond (90%):
R 230 000.00 Bond at 90 %
=R 2 243.00 pm.
Monthly Levy
=R 1 253.06 pm.
Rental Management fee (if applicable) =R 690.00 pm.
Total
=R 4 186.06 pm.
R 6000.00 rental income - R 4 186.06 expenses
=R 1 813.94 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 253.06 pm.
Rental Management fee (if applicable) =R 690.00 pm.
Total
=R 1 943.06 pm.
R 6000.00 rental income – R 1 943.06 expenses
=R 4 056.94 Cashflow positive.
Gross Yield: 31% at R 6 000.00 rental income
