1 Bedroom apartment for sale in Hyde Park Corner.

R215,000
Property Details

Hyde Park Corner is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.

This is a spacious 77m2 apartment that has one bedroom, lounge(enclosed), kitchen and a bathroom.

The unit is currently tenanted, and the rental income achieved is R 4 800-00.

Calculation:

Purchase with Bond (90%):

R 215 000.00 Bond at 90 %

=R 2 092.00 pm.

Monthly Levy

=R 996.91 pm.

Rental Management fee (if applicable) =R 552.00 pm.

Total

=R3 640.91 pm.

R 4 800.00 rental income - R 3 640.91 expenses

=R1 159.09 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 996.91 pm.

Rental Management fee (if applicable) =R 552.00 pm.

Total

=R 1 548.91 pm.

R 4 800.00 rental income – R 1 548.91 expenses

=R 3 251.09 Cashflow positive.

Gross Yield: 29% at R 4 800.00 rental income

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
77m²
Living Area
1
Costs and Terms
Levy
±R996.91
Location
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