Property Details

African City located in Central - Johannesburg is the centre of attraction for investors. The building is stable with good security providing safe conditions for its residents. This 33m2 unit offers a spacious bachelor apartment with an open plan kitchen, and separated full bathroom. The unit is tenanted and achieves a rental income of R3200.00 per month excluding utilities. Calculation: Purchase with Bond (90%): R 140 000.00 Bond at 90 % =R 1 365.00 pm. Monthly Levy =R 1 137.71 pm. Rental Management fee (if applicable) =R 368.00 pm. Total =R 2 870.71 pm. R 3 200.00 rental income - R 2 870.71 expenses =R 329.29 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 137.71 pm. Rental Management fee (if applicable) =R 368.00 pm. Total =R 1 505.71pm R 3 200.00 rental income – R 1 505.71 expenses =R 1 694.29 Cashflow positive. Gross Yield: 27% at R 3 200.00 rental income