2 Bed Apartment in Berea

Berea Towers is one of the sectional title blocks in Berea with exceptional potential. A sound opportunity not to be missed.

This is a spacious 101m2 apartment that has two-bedrooms, lounge(enclosed and can be used as a bedroom), kitchen, separate bathroom and an toilet.

The total rental income that currently achieved is R 7 045-00 pm.

Calculation:

Purchase with Bond (90%):

R 195 000.00 Bond at 90 %

=R 1 902.00 pm.

Monthly Levy

=R 1 716.31 pm.

Rental Management fee (if applicable)

=R 810.00 pm.

Total

=R 4 428.31 pm.

R 7 045.00 rental income - R 4 428.31 expenses

=R2 616.69 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 716.31 pm.

Rental Management fee (if applicable)

=R 810.00 pm.

Total

=R 2 526.31 pm.

R 7 045.00 rental income R 2 526.31 expenses

=R 4 518.69 Cashflow positive.

Gross Yield: 43% at R 7 045.00 rental income