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House for Sale in Summer Gree
R 1,200,000
Can I afford this?
6 Photo(s)
1 day ago52 views
General Details
Location:
For Sale By:Owner
Dwelling Type:House
Bedrooms (#):3
Bathrooms (#):1
Size (sqm):275
Parking:Garage
Description
Property Loan Calculator
Purchase price
R
Deposit amount
R
Interest rate
%
No. of years
5
10
15
20
25
30
RECALCULATE
Estimated monthly repaymentR 12,183
Total property loan amountR 1,200,000
Total interestR 1,723,860
Total repaymentR 2,923,860
Interest rate at 10.75% 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.
RECALCULATE
1
1
FOR SALE:
AN
INVESTOR'S DREAM PROPERTY :
PRICE
REDUCED FROM R 3 200 000.00 TO R 2 800 000.00
With
an initial investment of R 507 344.00 to secure this property, the
investor would achieve an annualised gross value yield of 112% and an
annualised net value yield of 23%.
Hardly
ever does a unique investment property such as this one come onto the
market, offering 4 spacious rental flats located in a tranquil
cul-de-sac, a mere 300 meters from the Kuils River Central Business
District.
4
FLATS – 1 BEDROOM – 2 BEDROOMS – 2 BEDROOMS – 3 BEDROOMS
This
property offers a discerning investor with a current monthly rental
income of R30,557.00, which translates to an annual rental income of
R366,684.00. In 2026, the monthly rental income will increase to R 33
704.00, which translates to an annual rental income R 404 454.00. The
property is currently fully let with financially stable long-term
tenants.
The
4 flats in this property come with the following facilities and
layout.
Unit
1 – 2 x Bedroom, Kitchen, Lounge, Full bathroom. 1 x Exclusive use
outdoor area which is perfect for the keeping of pets- Rental R
7550,00 per month (R 90 600.00 per annum)
Unit
2 – 2 x Bedroom, Kitchen, Lounge, Full bathroom. Rental R 7550,00
per month (R 90 600.00 per annum)
Unit
3 – 1 x Bedroom, Kitchen, Lounge, Full Bathroom, 1 x Exclusive use
outdoor area which is perfect for the keeping of pets. Rental R
6475,00 per month (R 77 700.00 per annum)
Unit
4 - 3 x Bedroom, Kitchen, Lounge, Dining Area, Full Bathroom, Guest
Bathroom, 2 x Exclusive use outdoor areas, which is perfect for
keeping pets. Rental R 8982,00 per month (R 107 784.00 per annum)
All the units boast the following
infrastructure elements: Each Unit has its own Electricity DC Board, prepaid meters for Water & Electricity, Each Unit has its private entrance, Each Unit has its dedicated washing lines, All
Bedrooms have built-in Cupboards installed, and All Bedrooms have
laminating floors installed. All rooms have curtain rods installed at
all windows. Each Unit has its own Geyser installed. All entrances
have modern awnings installed. All Kitchens have Built-in cupboards. All
Kitchens have stoves installed. 15 large pot plants bring much colour
and ambience to the exterior of the property in the absence of a
formal garden. Fibre is distributed via cable to each Unit having its rooter.
For
detailed property information will be emailed on request submit your email to josephbruintjies@gmail.com or WhatsApp 082 499 8518. 1.
Property 20-year cash flow projection 2. Property Current Tenant
profile 3. Property Infrastructure Elements 4. Property layout for
the 4 flats and the land Area
Property
is sold exclusively by the owner. Regrettably, no Estate Agents.
Call
me now to book an appointment for an exclusive viewing.
Reason
for selling: Buying a property to establish an Early Childhood
Development Centre as a legacy social impact project with a crime infested community
Invalid date
Joseph Marco Bruintjies
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