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1 Bedroom apartment for sale in Philberta Court.
R 180,000
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27 days ago21 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):1
Bathrooms (#):1
Size (sqm):93
Description
Philberta Court is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.
This is a spacious 93m2 apartment that has an one bedroom, spacious lounge, bathroom(separated toilet, geyser is not working) and an open balcony.
The unit is currently tenanted, and the rental income achieved is R 4 450.00. Rental amount of R4800.00 can easily be achieved if maintained properly.
Calculation:
Purchase with Bond (90%):
R 180 000.00 Bond at 90 %
=R 1 756.00 pm.
Monthly Levy
=R 2 391.83 pm.
Rental Management fee (if applicable)
=R 511.75 pm.
Total
=R 4 659.58 pm.
R 4 450.00 rental income - R 4 707.58 expenses
=-R 209.58 Cashflow negative.
Purchase with Cash:
Monthly Levy
=R 2 391.83 pm.
Rental Management fee (if applicable)
=R 511.75 pm.
Total
=R 2 903.58 pm.
R 4 450.00 rental income – R 2 903.58 expenses
=R 1 546.42 Cashflow positive.
Gross Yield: 30% at R 4 450.00 rental income
Property Reference #: 2249526
Agent Details:
Ian Bouwer
Mamela Estates
Office 7B Old farm Office forum, 823 Old farm road, Faerie glen
This is a spacious 93m2 apartment that has an one bedroom, spacious lounge, bathroom(separated toilet, geyser is not working) and an open balcony.
The unit is currently tenanted, and the rental income achieved is R 4 450.00. Rental amount of R4800.00 can easily be achieved if maintained properly.
Calculation:
Purchase with Bond (90%):
R 180 000.00 Bond at 90 %
=R 1 756.00 pm.
Monthly Levy
=R 2 391.83 pm.
Rental Management fee (if applicable)
=R 511.75 pm.
Total
=R 4 659.58 pm.
R 4 450.00 rental income - R 4 707.58 expenses
=-R 209.58 Cashflow negative.
Purchase with Cash:
Monthly Levy
=R 2 391.83 pm.
Rental Management fee (if applicable)
=R 511.75 pm.
Total
=R 2 903.58 pm.
R 4 450.00 rental income – R 2 903.58 expenses
=R 1 546.42 Cashflow positive.
Gross Yield: 30% at R 4 450.00 rental income
Property Reference #: 2249526
Agent Details:
Ian Bouwer
Mamela Estates
Office 7B Old farm Office forum, 823 Old farm road, Faerie glen
Id Subtitle 1278898323
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Estimated monthly repaymentR 1,951
Total property loan amountR 180,000
Total interestR 288,162
Total repaymentR 468,162
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Mamela Estates
Selling for 1 year
Total Ads32
Active Ads32
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