Apartment For Sale in Hillbrow, Johannesburg

Property description

Queen Anne located in Hillbrow is the centre of attraction for investors.

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

This 43m2 unit offers a spacious bachelor apartment with fitted wardrobe, kitchen, and separated full bathroom.

If the unit is maintained, it can achieve a rental income of approximately R3000.00 – R3200.00 excluding utilities.

Calculation:

Purchase with Bond (90%):


R 120 000.00 Bond at 90 %
=R 1 170.00 pm.
Monthly Levy
=R 756.80 pm.
Rental Management fee (if applicable) =R 345.00 pm.
Total
=R 2 271.80 pm.

R 3 000.00 rental income - R 2 271.80 expenses
=R 728.20 Cashflow positive.


Purchase with Cash:

Monthly Levy
=R 756.80 pm.
Rental Management fee (if applicable) =R 345.00 pm.
Total
=R 1 101.80 pm.

R 3 000.00 rental income – R 1 101.80 expenses
=R 1 898.20 Cashflow positive.

Gross Yield: 30% at R 3 000.00 rental income