Bachelor apartment for sale at Queen Anne.

R120,000
Property Details

Queen Anne located in Hillbrow is the centre of attraction for investors.

The building is stable with good security providing safe conditions for its residents.

This 43m2 unit offers a spacious bachelor apartment with fitted wardrobe, kitchen, and separated full bathroom.

If the unit is maintained, it can achieve a rental income of approximately R3000.00 – R3200.00 excluding utilities.

This is currently achieved and paid by the tenants.

Calculation:

Purchase with Bond (90%):

R 120 000.00 Bond at 90 %

=R 1 170.00 pm.

Monthly Levy

=R 756.80 pm.

Rental Management fee (if applicable)

=R 345.00 pm.

Total

=R 2 271.80 pm.

R 3 000.00 rental income - R 2 271.80 expenses

=R 728.20 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 756.80 pm.

Rental Management fee (if applicable)

=R 345.00 pm.

Total

=R 1 101.80 pm.

R 3 000.00 rental income – R 1 101.80 expenses

=R 1 898.20 Cashflow positive.

Gross Yield: 30% at R 3 000.00 rental income

Property Features
Property Type
Apartment
Bathrooms
1
Floor Size
43m²
Costs and Terms
Levy
±R756.8
Location
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