9 % return on a Spacious two bedroom over looking blue valley golf estate ideal for investor

R 699,999

Can I afford this?
2 months ago46 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):1
Size (sqm):70
Parking:Garage
Description
Ideal location for a top class investment 9% retrun on investment

RENT INCOME R7000
RATES AND TAXES R400
LEVIES R1600
Net income R5000

R5000x12= R60 000 a year
Investment price R649 000
9% return on investment

Weather you buying it for personal use or for investment you guaranteed to get a higher price then which you paid for it the second the interest rates drop.

2 bedroom
1 bathroom
1 garage
1 outside parking
Gorgeous views overlooking blue valley golf estate

Close to all amenities such as schools and shopping centres
Blue valley shopping center
N1 highway
Blue valley
Valley view

# Parking: 1
Rates And Taxes: 400
Levies: 1600
Property Reference #: 160

Agent Details:
Yaseen Ismail
Top Spot Realty
Id Subtitle 1263932248
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Estimated monthly repaymentR 7,586
Total property loan amountR 699,999
Total interestR 1,120,627
Total repaymentR 1,820,626
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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