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1 Bedroom apartment for sale in Regina Heights.
R 225,000
Can I afford this?
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14 days ago15 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):1
Bathrooms (#):1
Size (sqm):81
Description
Regina Heights located in Joubert Park is the centre of attraction for investors.
The building is stable with good security providing safe conditions for its residents.
This 81m2 unit offers a spacious one bedroom apartment with a lounge, kitchen, and bathroom(separate toilet).
Rental income of R4326.00 - R4500.00 can be achieved monthly if maintained properly.
Calculation:
Purchase with Bond (90%):
R 225 000.00 Bond at 90 %
=R 2 195.00 pm.
Monthly Levy
=R 1 098.89 pm.
Rental Management fee (if applicable) =R 517.50 pm.
Total
=R 3 811.39 pm.
R 4 500.00 rental income - R 3 811.39 expenses
=R 688.61 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 098.89 pm.
Rental Management fee (if applicable) =R 517.50 pm.
Total
=R 1 616.39 pm.
R 4 500.00 rental income – R 1 616.39 expenses
=R 2 883.61 Cashflow positive.
Gross Yield: 24% at R 4 500.00 rental income
Property Reference #: 2249718
Agent Details:
Ian Bouwer
Mamela Estates
Office 7B Old farm Office forum, 823 Old farm road, Faerie glen
The building is stable with good security providing safe conditions for its residents.
This 81m2 unit offers a spacious one bedroom apartment with a lounge, kitchen, and bathroom(separate toilet).
Rental income of R4326.00 - R4500.00 can be achieved monthly if maintained properly.
Calculation:
Purchase with Bond (90%):
R 225 000.00 Bond at 90 %
=R 2 195.00 pm.
Monthly Levy
=R 1 098.89 pm.
Rental Management fee (if applicable) =R 517.50 pm.
Total
=R 3 811.39 pm.
R 4 500.00 rental income - R 3 811.39 expenses
=R 688.61 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 098.89 pm.
Rental Management fee (if applicable) =R 517.50 pm.
Total
=R 1 616.39 pm.
R 4 500.00 rental income – R 1 616.39 expenses
=R 2 883.61 Cashflow positive.
Gross Yield: 24% at R 4 500.00 rental income
Property Reference #: 2249718
Agent Details:
Ian Bouwer
Mamela Estates
Office 7B Old farm Office forum, 823 Old farm road, Faerie glen
Id Subtitle 1279043169
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Estimated monthly repaymentR 2,439
Total property loan amountR 225,000
Total interestR 360,202
Total repaymentR 585,202
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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