1 Bedroom apartment for sale in Regina Heights.

R225,000
Property Details

Regina Heights located in Joubert Park is the centre of attraction for investors.

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

This 81m2 unit offers a spacious one bedroom apartment with a lounge, kitchen, and bathroom(separate toilet).

Rental income of R4326.00 - R4500.00 can be achieved monthly if maintained properly.

Calculation:

Purchase with Bond (90%):

R 225 000.00 Bond at 90 %

=R 2 195.00 pm.

Monthly Levy

=R 1 098.89 pm.

Rental Management fee (if applicable) =R 517.50 pm.

Total

=R 3 811.39 pm.

R 4 500.00 rental income - R 3 811.39 expenses

=R 688.61 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 098.89 pm.

Rental Management fee (if applicable) =R 517.50 pm.

Total

=R 1 616.39 pm.

R 4 500.00 rental income – R 1 616.39 expenses

=R 2 883.61 Cashflow positive.

Gross Yield: 24% at R 4 500.00 rental income

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
81m²
Living Area
1
Costs and Terms
Levy
±R1,098.89
Location
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