2 Bedroom apartment for sale in Monterey.

R250,000
Property Details

Monterey is one of the sectional title blocks in Yeoville with exceptional potential. A sound opportunity not to be missed.

This is a spacious 91m2 apartment that has two-bedrooms, lounge(enclosed and can be used as a bedroom), kitchen, separate bathroom and sperate toilet.

The total rental income that can be achieved is R 6 300-00 pm.

Calculation:

Purchase with Bond (90%):

R 250 000.00 Bond at 90 %

=R 2 438.00 pm.

Monthly Levy

=R 1 151.27 pm.

Rental Management fee (if applicable)

=R 725.50 pm.

Total

=R 5 314.77 pm.

R 6 300.00 rental income - R 5 314.77 expenses

=R 985.23 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 151.27 pm.

Rental Management fee (if applicable)

=R 725.50 pm.

Total

=R 1 876.77 pm.

R 6 300.00 rental income – R 1 876.77 expenses

=R 4 423.32 Cashflow positive

Gross Yield: 30% at R 6 300.00 rental income

Property Features
Property Type
Apartment
Bedrooms
2
Bathrooms
1
Floor Size
91m²
Living Area
1
Costs and Terms
Levy
±R1,151.27
Location
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