Bachelor apartment for sale at Queen Anne.

R135,000
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 newly renovated unit offers a spacious bachelor apartment with fitted wardrobes, kitchen, and a separated full bathroom.

Rental income R3200.00 excluding utilities can be achieved.

Calculation:

Purchase with Bond (90%):

R 135 000 Bond at 90 %

=R 1 317.00 pm.

Monthly Levy

=R 756.80 pm.

Rental Management fee (if applicable) =R 368.00 pm.

Total

=R 2 441.80 pm.

R 3 200.00 rental income - R 2 441.80 expenses

=R 758.20 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 756.80 pm.

Rental Management fee (if applicable) =R 368.00 pm.

Total

=R 1 124.80 pm.

R 3200.00 rental income – R 1 124.80 expenses

=R 2 075.20 Cashflow positive.

Gross Yield: 28% at R 3 200.00 rental income

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