Calculation:
Purchase with Bond (90%):
R143 000.00 Bond at 8.25% |
=R 1 097.00 p.m. |
Monthly Levy |
=R 986.24 p.m. |
Rental Management fee (if applicable) |
=R 345.00 p.m. |
Total |
R 2 428.24 p.m. |
R 3 000.00 rental income – R 2 428.24 expenses = R 571.76 Cashflow positive.
Purchase with Cash:
Monthly Levy |
=R 986.24 p.m. |
Rental Management fee (if applicable) |
=R 345.00 p.m. |
Total |
R 1 331.24 |
R 3 000.00 rental income – R 1 331.24 expenses = R 1 668.76 Cashflow positive.
Gross Yield: 25% at R 3 000.00 rental income and R 143 000.00 cash offer.