Neat 2 bedroom Flat with tenants and good rental income
2 Bedrooms
1 Bathroom
1 Lounge
Kitchen
Balcony
1 Secure Parking
Price: R295 000.00
Levy: R1700.00
Size: 99 m²
Rental Income: R4700
Property Investment Details
Price: R 295,000
Deposit: R 29,500
Bond Amount: R 265,500
Interest Rate: 10.25%
Inflation Rate: 6%
Capital Growth Rate: 8%
Rental Yield: 19%
Internal Rate of Return on Investment (IRR) Year 1: 37%
Estimated Monthly Cash Flow Year 1 Year 2
Rental Income: R 4,700 R 5,076
minus Monthly Levy Expense: R 1,700 R 1,874
minus Management Fee: R 470 R 508
Monthly Cash Flow Year 1 & 2 R 2,530 R 2,694
Monthly Bond Repayment R 2,606 R 2,606
Net per month -R 76 R 88
Please contact:
Colin Brazendale
Tel: 072 838 6854
