A spacious beautiful tiled one bedroom flat, kitchen with nice cupboard with a bathroom that consists of a bath, basin and toilet. There is one big living area which can be utilized as a bedroom. The kitchen is separate and there is an open balcony.

The rent is currently R 3 980.00. p.m. Mamela Estates is currently managing this unit. According to Mamela rental of between R 3980.00 p.m. and R 4200.00 p.m. is achievable should the property be upgraded to their specifications.

This property is in a good condition, though it will require minor maintenance. A fully detailed maintenance quote will be supplied to the successful purchaser.

No. According to the Body corporate 2 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance
Barnato Park High School Schools Yeoville

0.35 km.
Police – SAPS Emergency Services Hillbrow

0.47 km.
Engen Services Yeoville

0.24 km.

Calculation:

Purchase with Bond (90%):

R 190 000.00 Bond at 10.00 % =R 1650.19 pm
Monthly Levy =R 1863.20 pm
Rental Management fee (if applicable) =R 483.00 pm
Total =R 3996.39 pm

R4200.00 rental income – R 3996.39 expenses = R 203.61 Cash flow positive.

Purchase with Cash:

Monthly Levy =R 1863.20 pm
Rental Management fee (if applicable) =R 483.00 pm
Total = R2346.20 pm

R 4200.00 rental income – R 2346.70 expenses = R 1853.80 Cash-flow positive.

Gross Yield: 26.5% at R 4200.00 rental income and R 190 000.00 cash offer.