Income Generator!

R 2,600,000

Can I afford this?
5 months ago62 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):5
Bathrooms (#):3
Size (sqm):1745
Parking:Street
Description
Invest in this lovely home generating R30K p\m
Main house consists of 2 bedrooms,1bathroom,spacious lounge with built in fireplace lounge, dinningroom & well proportioned kitchen 9open Plan with separate scullery. And large covered entertainment area with built in braai overlooking a sparkling pool .Income R12,000 p\m
Flat 1: Batchelor - offers a open plan lounge\kitchen, bedroom & bathroom. Rental income R4,800 p\m

Flat 2 (Upstairs) boasts open plan lounge\kitchen, spacious bedroom with full ensuite
Rental income R 6,200 p\m

Flat 3 - Lounge\kitchen ,bedroom with full bathroom & it has a private entrance & garden. Rental Income R6,800 p\m

Rentals include (water & electricity ) & rates +- R7000 p\m

The house can also be converted back back into a 4 bed home with 2 income generating flats. Perfect to assist with the bond. Also perfectly positioned & close to Doctors rooms,gym,shops ect.

Rates And Taxes: 4000
Has Pool
Has Garden
Property Reference #: 2197872

Agent Details:
Bronwyn Stap
eProperty.Net
The Ridge Shopping Centre, 1 Floor,
c/o Mozart & Nic Diederiks Honeydew Ridge


Id Subtitle 1245037509
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Estimated monthly repaymentR 28,177
Total property loan amountR 2,600,000
Total interestR 4,162,333
Total repaymentR 6,762,333
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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