1 Bed Apartment in Hillbrow

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

This is a spacious 82m2 apartment that has an one bedroom, lounge(enclosed and can be used as a bedroom), small living area, bathroom(separated toilet) and an open balcony.

The unit is currently tenanted, and the rental income achieved is R 4 550.00. Rental amount of R4800.00 can easily be achieved if maintained properly.

Calculation:

Purchase with Bond (90%):

R 250 000.00 Bond at 90 %

=R 2 438.00 pm.

Monthly Levy

=R 1 431.01 pm.

Rental Management fee (if applicable)

=R 552.00 pm.

Total

=R 4 421.01 pm.

R 4 800.00 rental income - R 4 421.01 expenses

=R 378.99 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 431.01 pm.

Rental Management fee (if applicable)

=R 552.00 pm.

Total

=R 1 983.01 pm.

R 4 800.00 rental income R 1 983.01 expenses

=R 2 816.99 Cashflow positive.

Gross Yield: 23% at R 4 800.00 rental income