1 Bedroom Apartment For Sale in Johannesburg

Property description

Queen Anne located in Hillbrow is the centre of attraction for investors.

The building is stable with good security providing safe conditions for its residents.

This 51m2 unit offers a spacious one bedroom apartment with a kitchen, lounge, bathroom(seperated bathroom and toilet).

Rental income of R4000.00 per month excluding utilities can be achieved if maintained properly.

Calculation:

Purchase with Bond (90%):


R 115 000.00 Bond at 90 %
=R 1 122.00 pm.
Monthly Levy
=R 902.10 pm.
Rental Management fee (if applicable)
=R 460.00 pm.
Total
=R 2 484.10 pm.

R 4 000.00 rental income - R 2 484.10 expenses
=R 1 515.90 Cashflow positive.


Purchase with Cash:

Monthly Levy
=R 902.10 pm.
Rental Management fee (if applicable)
=R 460.00 pm.
Total
=R 1 362.10 pm.

R 4 000.00 rental income – R 1 362.10 expenses
=R 2 637.90 Cashflow positive.

Gross Yield: 41% at R 4 000.00 rental income