3 Bedroom apartment for sale in Hadelle Heights.

R215,000
Property Details

Hadelle Heights located in Hillbrow is the centre of attraction for investors.

The building is stable with good security providing safe conditions for its residents.

This 138m2 unit offers a spacious three bedroom apartment with a small lounge, kitchen, 2 bathrooms and a balcony.

Rental income of R6000.00 - R6600.00 can be achieved monthly if maintained properly.

Calculation:

Purchase with Bond (90%):

R 215 000.00 Bond at 90 %

=R 2 097.00 pm.

Monthly Levy

=R 1 848.86 pm.

Rental Management fee (if applicable)

=R 759.00 pm.

Total

=R 4 704.86 pm.

R 6 600.00 rental income - R 4 704.86 expenses

=R 1 895.14 Cashflow positive.

Purchase with Cash:

Monthly Levy=R 1 848.86 pm.

Rental Management fee (if applicable)

=R 759.00 pm.

Total

=R 2 607.86 pm.

R 6 600.00 rental income – R 2 607.86 expenses

=R 3 992.14 Cashflow positive.

Gross Yield: 36.8% at R 6 600.00 rental income

Property Features
Property Type
Apartment
Bedrooms
3
Bathrooms
2
Floor Size
138m²
Living Area
1
Costs and Terms
Levy
±R1,848.86
Location
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