Apartment For Sale in Johannesburg

Property description

Highrise located in Berea is the centre of attraction for investors.

The building is stable with good security providing safe conditions for its residents.

This 48m2 unit offers a spacious bachelor apartment with fitted wardrobes, kitchen, and a separated full bathroom.

Rental income R3300.00 excluding utilities can be achieved.

Calculation:

Purchase with Bond (90%):


R 100 000.00 Bond at 90 %
=R 975.00 pm.
Monthly Levy
=R 1 038.18 pm.
Rental Management fee (if applicable) =R 379.50 pm.
Total
=R 2 292.68 pm.

R 3 300.00 rental income - R 2 292.68 expenses
=R 1007.32 Cashflow positive.


Purchase with Cash:

Monthly Levy
=R 1 038.18 pm.
Rental Management fee (if applicable) =R 379.50 pm.
Total
=R 1 077.68 pm.

R 3300.00 rental income – R 1 077.68 expenses
= R 2 222.32 Cashflow positive.

Gross Yield: 39.6% at R 3300.00 rental income