Property Details

Panarama Place, located in Berea Johannesburg is the perfect investment opportunity for investors. This is a bachelor apartment that has a kitchen, bathroom with an enclosed balcony.(Kindly note geyser is not working.) The rental income that can be achieved is R3200.00. Calculation: Purchase with Bond (90%): R 90 000.00 Bond at 90 % =R 878.00 pm. Monthly Levy =R 1 362.31 pm. Rental Management fee (if applicable) =R 368.00 pm. Total =R 2 608.31 pm. R 3200.00 rental income - R 3 140.28 expenses =R 591.69 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 362.31 pm. Rental Management fee (if applicable) =R 368.00 pm. Total =R 1 730.31 pm. R 3 200.00 rental income – R 1 730.31 expenses =R 1 469.69 Cashflow positive. Gross Yield: 42% at R 3 200.00 rental income