Great Investment opportunity! Caridade is located in Fortesque Street in Yeoville.
This area is a favourite amongst investors and tenants. Our investors are getting great return on their acquisitions.
The property is in a fantastic condition which is a nice bonus towards the investment.
An opportunity not to be missed.
Number of flats in building: 35.
Size: 80 sqm.
Levy: R 1500.00 pm. Caridade Body Corporate (011 614 4508)
Original one-bedroom unit. The flat has a bathroom consisting of a bath and basin with a separated toilet. There is a nicely tiled kitchen, a working geyser and a pre-paid electricity meter. There is an enclosed balcony.
The current owner is getting R4 725.00 p.m. According to rental managers in the area a rental income of between R4 700.00 pm and R5 000.00 pm can be achieved, if the property is upgraded to their specifications.
The unit is in a very good condition with minimal maintenance required. A detailed maintenance quote will be supplied to the successful buyer.
No. According to the Body Corporate, 4 people may reside in the unit.
Closest Amenities:
| Name | Type | Suburb | Distance |
| Police – SAPS | Emergency | Yeoville | 0.46 km. |
| Recreation Centre | Recreation | Yeoville | 0.57 km. |
| Yeoville Boys’ Primary School | Education | Yeoville | 0.60 km. |
Calculation:
Purchase with Bond (90%:
| R195 000.00 Bond at 9.75% | =R 1 665.00 p.m. |
| Monthly Levy | =R 1 500.00 p.m. |
| Rental Management fee (if applicable) | =R 575.00 p.m. |
| Total | R 3 740.00 p.m. |
R 5 000.00 rental income – R 3 740.00 expenses = R 1 260.00 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 1 500.00 p.m. |
| Rental Management fee (if applicable) | =R 575.00 p.m. |
| Total | R 2 075.00 p.m. |
R 5 000.00 rental income – R 2 075.00 expenses = R 2 925.00 Cashflow positive.
Gross Yield: 30% at R 5 000.00 rental income and R 195 000.00 cash offer.
