Yeoville, Johannesburg, Gauteng ID 701467
Apartment/Flat
1.0
2
91m2
Monterey is one of the sectional title blocks in Yeoville with exceptional potential. A sound opportunity not to be missed. This is a spacious 91m2 apartment that has two-bedrooms, lounge(enclosed and can be used as a bedroom), kitchen, separate bathroom and sperate toilet. The total rental income that can be achieved is R 6 300-00 pm. Calculation: Purchase with Bond (90%): R 250 000.00 Bond at 90 % =R 2 438.00 pm. Monthly Levy =R 1 151.27 pm. Rental Management fee (if applicable) =R 725.50 pm. Total =R 5 314.77 pm. R 6 300.00 rental income - R 5 314.77 expenses =R 985.23 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 151.27 pm. Rental Management fee (if applicable) =R 725.50 pm. Total =R 1 876.77 pm. R 6 300.00 rental income – R 1 876.77 expenses =R 4 423.32 Cashflow positive Gross Yield: 30% at R 6 300.00 rental income
Mamela Estates
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