Bachelor apartment for sale at African City.

R120,000
Property Details

African City located in Central - Johannesburg is the centre of attraction for investors.

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

This 33m2 unit offers a spacious bachelor apartment with an open plan kitchen, and separated full bathroom.

The unit is tenanted and achieves a rental income of R3200.00 per month excluding utilities.

Calculation:

Purchase with Bond (90%):

R 120 000.00 Bond at 90 %

=R 1 170.00 pm.

Monthly Levy

=R 1 137.71 pm.

Rental Management fee (if applicable)

=R 368.00 pm.

Total

=R 2 675.71 pm.

R 3 200.00 rental income - R 2 675.71 expenses

=R 524.29 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 137.71 pm.

Rental Management fee (if applicable)

=R 368.00 pm.

Total

=R 1 505.71pm

R 3 200.00 rental income – R 1 505.71 expenses

=R 1 694.29 Cashflow positive.

Gross Yield: 32% at R 3 200.00 rental income

Property Features
Property Type
Apartment
Bathrooms
1
Floor Size
33m²
Location
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