Property Details

Sylray Mansions, located in Berea Johannesburg is the perfect investment opportunity for investors. This is a bachelor apartment that has a kitchen and a bathroom. Slight maintenance will be required. The rental income that can be achieved at the apartment is R3000.00. Calculation: Purchase with Bond (90%): R 75 000.00 Bond at 90 % =R 732.00 pm. Monthly Levy =R 1 314.02 pm. Rental Management fee (if applicable) =R 345.00 pm. Total =R 2 391.02 pm. R 3 000.00 rental income - R 2 391.02 expenses =R 608.98 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 314.02 pm. Rental Management fee (if applicable) =R 345.00 pm. Total =R 1 659.02 pm. R 3 000.00 rental income – R 1 659.02 expenses =R 1 340.98 Cashflow positive. Gross Yield: 48% at R 3 000.00 rental income