1 Bedroom Apartment For Sale in Hillbrow, Johannesburg

Property description

Sunnycrest, located in Hillbrow Johannesburg is the perfect investment opportunity for investors.

This is a one bedroom apartment that has a kitchen, lounge, bathroom, kitchen and an open balcony.

The unit is currently tenanted. The potential rent for the unit is between R5 000.00 to R 5 300.00. This is currently achieved and paid by the tenant.

Calculation:

Purchase with Bond (90%):


R 160 000.00 Bond at 90 %
=R 1 561.00 pm.
Monthly Levy
=R 1 429.06 pm.
Rental Management fee (if applicable)
=R 609.95 pm.
Total
=R 3 600.01 pm.

R 5 300.00 rental income - R 3 600.01 expenses
=R 1 699.99 Cashflow positive.


Purchase with Cash:

Monthly Levy
=R 1 429.06 pm.
Rental Management fee (if applicable)
=R 609.95 pm.
Total
=R 2 039.01 pm.

R 5 300.00 rental income – R 2 039.01 expenses
=R 3 260.99 Cashflow positive.

Gross Yield: 40% at R 5300.00 rental income