1 Bedroom apartment for sale in Ark Royal.

R245,000
Property Details

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

This is a newly renovated 82m2 apartment that has one bedroom, lounge(enclosed) with a small living area, kitchen and a bathroom. There is also an open balcony.

The apartment is newly renovated and in a good condition, perfect for first time buyers who would like to rent the apartment out at a later stage for investment purposes. The rental income that can be achieved is R 4600.00 - R4800.00.

Calculation:

Purchase with Bond (90%):

R 245 000.00 Bond at 90 %

=R2 390.00 pm.

Monthly Levy

=R1 414.06 pm.

Rental Management fee (if applicable)

=R552.00 pm.

Total

=R4 356.06 pm.

R 4 800.00 rental income - R 4 356.06 expenses

=R443.94 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R1 414.06 pm.

Rental Management fee (if applicable)

=R 552.00 pm.

Total

=R1 966.06 pm.

R 4800.00 rental income – R 1 966.06 expenses

=R 2 833.94 Cashflow positive.

Gross Yield: 23% at R 4800.00 rental income

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
82m²
Living Area
1
Costs and Terms
Levy
±R1,414.06
Location
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