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 51m2 unit offers a spacious one bedroom apartment with a kitchen, lounge, bathroom(seperated bathroom and toilet).
Rental income of R4000.00 per month excluding utilities can be achieved if maintained properly.
Calculation:
Purchase with Bond (90%):
R 115 000.00 Bond at 90 %
=R 1 122.00 pm.
Monthly Levy
=R 902.10 pm.
Rental Management fee (if applicable)
=R 460.00 pm.
Total
=R 2 484.10 pm.
R 4 000.00 rental income - R 2 484.10 expenses
=R 1 515.90 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 902.10 pm.
Rental Management fee (if applicable)
=R 460.00 pm.
Total
=R 1 362.10 pm.
R 4 000.00 rental income – R 1 362.10 expenses
=R 2 637.90 Cashflow positive.
Gross Yield: 41% at R 4 000.00 rental income
