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2 Bedroom apartment for sale in Berea Towers.
R 195,000
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26 days ago17 views
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General Details
Description
Berea Towers is one of the sectional title blocks in Berea with exceptional potential. A sound opportunity not to be missed.
This is a spacious 101m2 apartment that has two-bedrooms, lounge(enclosed and can be used as a bedroom), kitchen, separate bathroom and an toilet.
The total rental income that currently achieved is R 7 045-00 pm.
Calculation:
Purchase with Bond (90%):
R 195 000.00 Bond at 90 %
=R 1 902.00 pm.
Monthly Levy
=R 1 716.31 pm.
Rental Management fee (if applicable)
=R 810.00 pm.
Total
=R 4 428.31 pm.
R 7 045.00 rental income - R 4 428.31 expenses
=R2 616.69 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 716.31 pm.
Rental Management fee (if applicable)
=R 810.00 pm.
Total
=R 2 526.31 pm.
R 7 045.00 rental income – R 2 526.31 expenses
=R 4 518.69 Cashflow positive.
Gross Yield: 43% at R 7 045.00 rental income
Property Reference #: 2246876
Agent Details:
Ian Bouwer
Mamela Estates
Office 7B Old farm Office forum, 823 Old farm road, Faerie glen
This is a spacious 101m2 apartment that has two-bedrooms, lounge(enclosed and can be used as a bedroom), kitchen, separate bathroom and an toilet.
The total rental income that currently achieved is R 7 045-00 pm.
Calculation:
Purchase with Bond (90%):
R 195 000.00 Bond at 90 %
=R 1 902.00 pm.
Monthly Levy
=R 1 716.31 pm.
Rental Management fee (if applicable)
=R 810.00 pm.
Total
=R 4 428.31 pm.
R 7 045.00 rental income - R 4 428.31 expenses
=R2 616.69 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 716.31 pm.
Rental Management fee (if applicable)
=R 810.00 pm.
Total
=R 2 526.31 pm.
R 7 045.00 rental income – R 2 526.31 expenses
=R 4 518.69 Cashflow positive.
Gross Yield: 43% at R 7 045.00 rental income
Property Reference #: 2246876
Agent Details:
Ian Bouwer
Mamela Estates
Office 7B Old farm Office forum, 823 Old farm road, Faerie glen
Id Subtitle 1277456057
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Estimated monthly repaymentR 2,114
Total property loan amountR 195,000
Total interestR 312,175
Total repaymentR 507,175
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
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