2 Bedroom apartment for sale in Todenham Court.

R215,000
Property Details

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 215 000.00 Bond at 90 %

=R 2 097.00 pm.

Monthly Levy

=R 2 104.85 pm.

Rental Management fee (if applicable)

=R 632.50 pm.

Total

=R 4 834.35 pm.

R 5 500.00 rental income - R 4 834.35 expenses

=R 665.65 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: 31% at R 5 500.00 rental income

Property Features
Property Type
Apartment
Bedrooms
2
Bathrooms
1
Floor Size
96m²
Living Area
1
Costs and Terms
Levy
±R2,104.85
Location
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