1 Bedroom apartment for Sale in Sunnycrest.

R160,000
Property Details

Sunnycrest, located in Hillbrow Johannesburg is the perfect investment opportunity for investors.

This is a one bedroom apartment that has a kitchen, lounge, bathroom, kitchen and an open balcony.

The unit is currently tenanted. The potential rent for the unit is between R5 000.00 to R 5 300.00. This is currently achieved and paid by the tenant.

Calculation:

Purchase with Bond (90%):

R 160 000.00 Bond at 90 %

=R 1 561.00 pm.

Monthly Levy

=R 1 429.06 pm.

Rental Management fee (if applicable)

=R 609.95 pm.

Total

=R 3 600.01 pm.

R 5 300.00 rental income - R 3 600.01 expenses

=R 1 699.99 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 429.06 pm.

Rental Management fee (if applicable)

=R 609.95 pm.

Total

=R 2 039.01 pm.

R 5 300.00 rental income – R 2 039.01 expenses

=R 3 260.99 Cashflow positive.

Gross Yield: 40% at R 5300.00 rental income

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
76m²
Living Area
1
Costs and Terms
Levy
±R1,429.06
Location
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