Property Details
EXCLUSIVE TO EXP
Calling all investors!!
Unique investment opportunity offering you a cashflow-positive investment-property from day-1.
Any Investor will love these numbers;5 rental units , for the price of 1R22 500 total rental potential, ready to be leased out20,8% ROI, through rental income alone6% additional ROI, through Capital Growth, as per suburb-value-performance over the last 10 years.
There are very few Investment properties that can offer a Total ROI for 26.8%, which will grow even higher every year with rental escalations.
5 RENTAL UNITS
1. Main house – 2 Bedrooms, Bathroom, Lounge, Kitchen [Rental Potential = R6 500]
2. Front Batchelor Apartment – Kitchenette, Room, Bathroom [Rental Potential = R4 000]
3. Back Batchelor Apartment – Kitchenette, Room Bathroom [Rental Potential = R3 500]
4. Back Batchelor Apartment – Kitchenette, Room Bathroom [Rental Potential = R3 500]
5. Back 1-Bedroom Apartment – Kitchenette, Lounge, Bathroom, Bedroom [Rental Potential = R5 000]
Each unit has its own;Electrical Distribution BoardElectrical prepaid meterWater pre-paid meterThe property is also fibre ready
Other than being a great multi-let-investment property, it also has the potential and versatility to be a dual purpose family-home + Investment property.
This property has such excellent versatility;
Use it as a pure 6-unit rental property
Or, use the 2 bedroom main-house as your family home and then rent out the 4-rental-units
Or, if you need more space for your family, combine the 2-bedroom main-house with one apartment, creating a 3-bedroom/2-bathroom family home, and then rent out the remaining 3-rental-units
Should you buy this with a bond, your monthly bond payment will be R13 200 ( Prime over 20 years).
Your total rental income of R22 500, means that you will make a profit of R9 300, every month.
STAY FOR FREE!
Is this possible, you may wonder?
Technically it is possible.
You and your family could occupy the main 2 bedroom house, whilst renting out the other 4 apartments which will still give you a rental income of R16 000 pm, which will still cover all of your expenses ( Bond, Rates, taxes, Levies)
Don’t miss this unique investment opportunity which has phenomenal growth potential and would be an excellent addition to your property portfolio
This property is located in the popular Broadlands Village, which is centrally located to all amenities (Schools, Shopping Centres, Beach, Public Transport, etc.) and has good security, with 24hour security patrols .
BOOK YOUR PRIVATE BOOKING TODAY.