Property Details

Sunnycrest, located in Hillbrow Johannesburg is the perfect investment opportunity for investors. This is a one bedroom apartment that has a kitchen, lounge, bathroom, kitchen and an open balcony. The unit is currently tenanted. The potential rent for the unit is between R5 000.00 to R 5 300.00. This is currently achieved and paid by the tenant. Calculation: Purchase with Bond (90%): R 160 000.00 Bond at 90 % =R 1 561.00 pm. Monthly Levy =R 1 429.06 pm. Rental Management fee (if applicable) =R 609.95 pm. Total =R 3 600.01 pm. R 5 300.00 rental income - R 3 600.01 expenses =R 1 699.99 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 429.06 pm. Rental Management fee (if applicable) =R 609.95 pm. Total =R 2 039.01 pm. R 5 300.00 rental income – R 2 039.01 expenses =R 3 260.99 Cashflow positive. Gross Yield: 40% at R 5300.00 rental income