Langton Hall, located in Hillbrow Johannesburg is the perfect investment opportunity for investors.
This is a one bedroom apartment that has a kitchen, spacious lounge, bathroom with separate toilet, kitchen and an open balcony.
The unit is currently tenanted. The potential rent for the unit is between R 3 800.00 to R 4 000.00. This is currently achieved and paid by the tenant.
Calculation:
Purchase with Bond (90%):
R 110 000.00 Bond at 90 %
=R 1 073.00 pm.
Monthly Levy
=R 1 792.25 pm.
Rental Management fee (if applicable) =R 460.00 pm.
Total
=R 3 325.25 pm.
R 4 000.00 rental income - R 3 325.25 expenses =R 674.75 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 792.25 pm.
Rental Management fee (if applicable) =R 460.00 pm.
Total
=R 2 252.25 pm.
R 4 000.00 rental income – R 2 252.25 expenses =R 1 747.75 Cashflow positive.
Gross Yield: 43% at R 4 000.00 rental income
