948
Property ID
80 Sqm
Size
2
Bedrooms
1
Bathroom
Mount Verna is situated in Yeoville. The block is very popular amongst residents due to its proximity to all amenities including Yeoville Police SAPS and Africa International Private School.
Mamela Estates is currently managing a number of flats for investments in this building.
A sound opportunity not to be missed!
Number of flats in building: 26.
Size: 80 sqm.
Levy: R 1214.00 pm.
A spacious two bedroom unit with a bathroom that consist of a bath, basin and a toilet. There is a large living area. The kitchen is separate, and the unit has an open balcony.
There is currently no tenant in the unit. According to the rental agents a rental income of between R 4 800.00 pm. and R 5 400.00 pm. can be achieved should all the required maintenance be completed.
The unit is in a fair condition and requires maintenance to be done, e.g. plastering of bathroom as well as in the bedrooms and painting of unit. A detailed maintenance quotation will be supplied to the successful buyer.
No, according to the Body Corporate only 7 people may stay in the unit.
Closest Amenities :
| Name | Type | Suburb | Distance |
| Yeoville Recreation Centre | Recreation | Yeoville | 0.49 km. |
| Netcare – Rand Hospital | Emergency Service | Berea | 0.94 km. |
| Yeoville Boys’ Primary School | Education | Yeoville | 0.33 km. |
Calculation:
Purchase with Bond (90%):
| R 165 000.00 Bond at 7% | =R 1 151.00 p.m. |
| Monthly Levy | =R 1 214.00 p.m. |
| Rental Management fee (if applicable) | =R 575.00 p.m. |
| Total | R 2 940.00 p.m. |
R 5 000.00 rental income – R 2 940.00 expenses = R 2 060.00 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 1 214.00 p.m. |
| Rental Management fee (if applicable) | =R 575.00 p.m. |
| Total | R 1 789.00.00 p.m. |
R 5 000.00 rental income – R 1 789.00 expenses = R 3 211.00 Cashflow positive.
Gross Yield: 36% at R 5 000.00 rental income and R 165 000.00 cash offer.
