2 Bed Apartment in Hillbrow

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

This is a spacious 97m2 apartment that has two-bedrooms, lounge(subdivided into 2 sleeping areas), kitchen, separate bathroom and separate toilet.

The unit is currently tenanted, and the rental income that is achieved is R 6 000-00 pm.

Calculation:

Purchase with Bond (90%):

R 230 000.00 Bond at 90 %

=R 2 243.00 pm.

Monthly Levy

=R 1 253.06 pm.

Rental Management fee (if applicable) =R 690.00 pm.

Total

=R 4 186.06 pm.

R 6000.00 rental income - R 4 186.06 expenses

=R 1 813.94 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 253.06 pm.

Rental Management fee (if applicable) =R 690.00 pm.

Total

=R 1 943.06 pm.

R 6000.00 rental income R 1 943.06 expenses

=R 4 056.94 Cashflow positive.

Gross Yield: 31% at R 6 000.00 rental income