Property Details

Sunnycrest is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed. This is a spacious 97m2 apartment that has two-bedrooms, lounge(subdivided into 2 sleeping areas), kitchen, separate bathroom and separate toilet. The unit is currently tenanted, and the rental income that is achieved is R 6 000-00 pm. Calculation: Purchase with Bond (90%): R 230 000.00 Bond at 90 % =R 2 243.00 pm. Monthly Levy =R 1 253.06 pm. Rental Management fee (if applicable) =R 690.00 pm. Total =R 4 186.06 pm. R 6000.00 rental income - R 4 186.06 expenses =R 1 813.94 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 253.06 pm. Rental Management fee (if applicable) =R 690.00 pm. Total =R 1 943.06 pm. R 6000.00 rental income – R 1 943.06 expenses =R 4 056.94 Cashflow positive. Gross Yield: 31% at R 6 000.00 rental income