1 Bedroom apartment for sale in Langton Hall.

R145,000
Property Details

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

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

The unit is currently tenanted. The potential rent for the unit is between R 3 800.00 to R 4 000.00. This is currently achieved and paid by the tenant.

Calculation:

Purchase with Bond (90%):

R 145 000.00 Bond at 90 %

=R 1 414.00 pm.

Monthly Levy

=R 1 792.25 pm.

Rental Management fee (if applicable) =R 460.00 pm.

Total

=R 3 666.25 pm.

R 4 000.00 rental income - R 3 666.25 expenses

=R 333.75 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 792.25 pm.

Rental Management fee (if applicable) =R 460.00 pm.

Total

=R 2 252.25 pm.

R 4 000.00 rental income – R 2 252.25 expenses

=R 1 747.75 Cashflow positive.

Gross Yield: 33% at R 4 000.00 rental income

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
66m²
Living Area
1
Costs and Terms
Levy
±R1,792.25
Location
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