Property Details

Berea Towers is one of the sectional title blocks in Berea with exceptional potential. A sound opportunity not to be missed. This is a spacious 101m2 apartment that has two-bedrooms, lounge(enclosed and can be used as a bedroom), kitchen, separate bathroom and an toilet. The total rental income that currently achieved is R 7 045-00 pm. Calculation: Purchase with Bond (90%): R 195 000.00 Bond at 90 % =R 1 902.00 pm. Monthly Levy =R 1 716.31 pm. Rental Management fee (if applicable) =R 810.00 pm. Total =R 4 428.31 pm. R 7 045.00 rental income - R 4 428.31 expenses =R2 616.69 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 716.31 pm. Rental Management fee (if applicable) =R 810.00 pm. Total =R 2 526.31 pm. R 7 045.00 rental income – R 2 526.31 expenses =R 4 518.69 Cashflow positive. Gross Yield: 43% at R 7 045.00 rental income