Todenham Court is one of the sectional title blocks in Rosettenville with exceptional potential. A sound opportunity not to be missed.
This is a spacious 96m2 apartment that has two-bedrooms, lounge, living area, kitchen, and a separated bathroom.
The total rental income that can be achieved is R 5 500-00 pm.
Calculation:
Purchase with Bond (90%):
R 190 000.00 Bond at 90 %
=R 1 853.00 pm.
Monthly Levy
=R 2 104.85 pm.
Rental Management fee (if applicable)
=R 632.50 pm.
Total
=R 4 590.35 pm.
R 5 500.00 rental income - R 4 590.35 expenses
=R 909.65 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 2 104.85 pm.
Rental Management fee (if applicable) =R 632.50 pm.
Total
=R 2 737.35 pm.
R 5 500.00 rental income – R 2 737.35 expenses
=R 2 762.65 Cashflow positive
Gross Yield: 35% at R 5 500.00 rental income
