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PROPERTY INVESTMENT - 10 INCOME GENERATING ROOMS - PRICE REDUCED
R 465,000
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12 days ago32 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):Studio or Bachelor Pad
Bathrooms (#):4+
Size (sqm):195
Parking:None
Description
Prime Location: The property is strategically located just off Maqanda street and close to the main road, providing easy access and visibility.
Communal Facilities: In addition to the 10 bedrooms, the property features 4 communal toilets, a basin, and washing lines, ensuring that the basic needs and amenities of the tenants are well catered for. These shared facilities enhance the convenience and practicality of the property for residents.
Rental Income Potential: With 10 bedrooms, including one with 2 rooms, and individual pre-paid electricity meters for each room, the property offers a strong potential for generating rental income. Tenants will be responsible for their electricity consumption, and there's a pre-paid water meter for the communal toilets.
Security Features: The property boasts robust security measures, including various security gates, enhancing safety for tenants and the property itself.
Convenience: Situated in close proximity to medical facilities, shopping centers, and major transportation routes, the property is an attractive option for tenants looking for a convenient and accessible place to stay.
Income Projection: The property has the potential to generate a monthly income of approximately R10,000. With monthly rates estimated at R585, the return on investment is significantly higher compared to traditional bank savings.
Appreciating Value: Over time, the property's value is likely to increase, providing the potential for capital appreciation along with growing monthly rental income. This investment is not only lucrative in the short term but also offers long-term benefits.
Property Reference #: 7002001-42970
Agent Details:
Danie van Rensburg
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Communal Facilities: In addition to the 10 bedrooms, the property features 4 communal toilets, a basin, and washing lines, ensuring that the basic needs and amenities of the tenants are well catered for. These shared facilities enhance the convenience and practicality of the property for residents.
Rental Income Potential: With 10 bedrooms, including one with 2 rooms, and individual pre-paid electricity meters for each room, the property offers a strong potential for generating rental income. Tenants will be responsible for their electricity consumption, and there's a pre-paid water meter for the communal toilets.
Security Features: The property boasts robust security measures, including various security gates, enhancing safety for tenants and the property itself.
Convenience: Situated in close proximity to medical facilities, shopping centers, and major transportation routes, the property is an attractive option for tenants looking for a convenient and accessible place to stay.
Income Projection: The property has the potential to generate a monthly income of approximately R10,000. With monthly rates estimated at R585, the return on investment is significantly higher compared to traditional bank savings.
Appreciating Value: Over time, the property's value is likely to increase, providing the potential for capital appreciation along with growing monthly rental income. This investment is not only lucrative in the short term but also offers long-term benefits.
Property Reference #: 7002001-42970
Agent Details:
Danie van Rensburg
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274212219
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Estimated monthly repaymentR 5,040
Total property loan amountR 465,000
Total interestR 744,418
Total repaymentR 1,209,418
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.
RECALCULATE
EXP Realty
Selling for 2+ years
Total Ads7.26K
Active Ads7.26K
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3.67MTotal Views
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