Property description
Philberta Court is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.
This is a spacious 93m2 apartment that has an one bedroom, spacious lounge, bathroom(separated toilet, geyser is not working) and an open balcony.
The unit is currently tenanted, and the rental income achieved is R 4 450.00. Rental amount of R4800.00 can easily be achieved if maintained properly.
Calculation:
Purchase with Bond (90%):
R 175 000.00 Bond at 90 %
=R 1 707.00 pm.
Monthly Levy
=R 2 391.83 pm.
Rental Management fee (if applicable)
=R 511.75 pm.
Total
=R 4 610.58 pm.
R 4 450.00 rental income - R 4 707.58 expenses
=-R 160.58 Cashflow negative.
Purchase with Cash:
Monthly Levy
=R 2 391.83 pm.
Rental Management fee (if applicable) =R 511.75 pm.
Total
=R 2 903.58 pm.
R 4 450.00 rental income – R 2 903.58 expenses
=R 1 546.42 Cashflow positive.
Gross Yield: 30.5% at R 4 450.00 rental income
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
