Panarama Place, located in Berea Johannesburg is the perfect investment opportunity for investors.
This is a bachelor apartment that has a kitchen, bathroom with an enclosed balcony.(Kindly note geyser is not working.)
The rental income that can be achieved is R3200.00.
Calculation:
Purchase with Bond (90%):
R 90 000.00 Bond at 90 %
=R 878.00 pm.
Monthly Levy
=R 1 362.31 pm.
Rental Management fee (if applicable) =R 368.00 pm.
Total
=R 2 608.31 pm.
R 3200.00 rental income - R 3 140.28 expenses
=R 591.69 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 362.31 pm.
Rental Management fee (if applicable) =R 368.00 pm.
Total
=R 1 730.31 pm.
R 3 200.00 rental income – R 1 730.31 expenses
=R 1 469.69 Cashflow positive.
Gross Yield: 42% at R 3 200.00 rental income
