1 Bed Apartment in Hillbrow

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

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

The unit is currently tenanted. The potential rent for the unit is between R 3 800.00 to R 4 000.00. This is currently achieved and paid by the tenant.

Calculation:

Purchase with Bond (90%):

R 125 000.00 Bond at 90 %

=R 1 219.00 pm.

Monthly Levy

=R 1 792.25 pm.

Rental Management fee (if applicable)

=R 460.00 pm.

Total

=R 3 471.25 pm.

R 4 000.00 rental income - R 3 471.25 expenses

=R 528.75 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 792.25 pm.

Rental Management fee (if applicable)

=R 460.00 pm.

Total

=R 2 252.25 pm.

R 4 000.00 rental income R 2 252.25 expenses

=R 1 747.75 Cashflow positive.

Gross Yield: 38% at R 4 000.00 rental income