Property Details

Highrise located in Berea is the centre of attraction for investors. The building is stable with good security providing safe conditions for its residents. This 48m2 unit offers a spacious bachelor apartment with fitted wardrobes, kitchen, and a separated full bathroom. Rental income R3300.00 excluding utilities can be achieved. Calculation: Purchase with Bond (90%): R 100 000.00 Bond at 90 % =R 975.00 pm. Monthly Levy =R 1 038.18 pm. Rental Management fee (if applicable) =R 379.50 pm. Total =R 2 292.68 pm. R 3 300.00 rental income - R 2 292.68 expenses =R 1007.32 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 038.18 pm. Rental Management fee (if applicable) =R 379.50 pm. Total =R 1 077.68 pm. R 3300.00 rental income – R 1 077.68 expenses = R 2 222.32 Cashflow positive. Gross Yield: 39.6% at R 3300.00 rental income