Queen Anne is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.
This is a spacious 51m2 apartment that has an one bedroom, lounge, bathroom(separated toilet) and an open balcony.
The unit is currently tenanted, and the rental income achieved is R 3 350.00. Rental amount of R4200.00 can easily be achieved if maintained properly.
Calculation:
Purchase with Bond (90%):
R 161 750 Bond at 90 %
=R 1 578.00 pm.
Monthly Levy
=R 756.80 pm.
Rental Management fee (if applicable) =R 385.25 pm.
Total
=R 2 720.05 pm.
R 4 200.00 rental income - R 2 720.05 expenses
=R 1 479.95 Cashflow positive
Purchase with Cash:
Monthly Levy
=R 756.80 pm.
Rental Management fee (if applicable) =R 385.25 pm.
Total
=R 1 142.05 pm.
R 4 200.00 rental income – R 1 142.05 expenses
=R 3 057.95 Cashflow positive.
Gross Yield: 31% at R 4 200.00 rental income
