Property Details

Langton Hall, located in Hillbrow Johannesburg is the perfect investment opportunity for investors. This is a one bedroom apartment that has a kitchen, spacious lounge, bathroom with separate toilet, kitchen and an open balcony. The unit is currently tenanted. The potential rent for the unit is between R 3 800.00 to R 4 000.00. This is currently achieved and paid by the tenant. Calculation: Purchase with Bond (90%): R 145 000.00 Bond at 90 % =R 1 414.00 pm. Monthly Levy =R 1 792.25 pm. Rental Management fee (if applicable) =R 460.00 pm. Total =R 3 666.25 pm. R 4 000.00 rental income - R 3 666.25 expenses =R 333.75 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 792.25 pm. Rental Management fee (if applicable) =R 460.00 pm. Total =R 2 252.25 pm. R 4 000.00 rental income – R 2 252.25 expenses =R 1 747.75 Cashflow positive. Gross Yield: 33% at R 4 000.00 rental income