Regina Heights located in Joubert Park is the centre of attraction for investors.
The building is stable with good security providing safe conditions for its residents.
This 81m2 unit offers a spacious one bedroom apartment with a lounge, kitchen, and bathroom(separate toilet).
Rental income of R4326.00 - R4500.00 can be achieved monthly if maintained properly.
Calculation:
Purchase with Bond (90%):
R 225 000.00 Bond at 90 %
=R 2 195.00 pm.
Monthly Levy
=R 1 098.89 pm.
Rental Management fee (if applicable) =R 517.50 pm.
Total
=R 3 811.39 pm.
R 4 500.00 rental income - R 3 811.39 expenses
=R 688.61 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 098.89 pm.
Rental Management fee (if applicable) =R 517.50 pm.
Total
=R 1 616.39 pm.
R 4 500.00 rental income – R 1 616.39 expenses
=R 2 883.61 Cashflow positive.
Gross Yield: 24% at R 4 500.00 rental income
