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RICHMOND HILL FULLY TENANTED APARTMENT BLOCK FOR SALE
R 2,500,000
Can I afford this?
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1 month ago132 views
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General Details
Location:
Description
CALLING ALL INVESTORS:
Monthly Rental Income: R40356
Monthly Expenses: R15005
Monthly Net Income: R25350
Yearly Net Income: R304210
ROI: 12%
THE PROPERTY CONSISTS OF THE FOLLOWING:
7 X 2 bedrooms
2 x Bachelor / studio
4 x single garage
All tenanted with Leases and deposits managed by Only Realty
All apartment were renovated in 2022
Property Reference #: ORC440
Agent Details:
Sebastien Brazeau
Only Realty
218a Main Road
Walmer
PE
Walmer
Monthly Rental Income: R40356
Monthly Expenses: R15005
Monthly Net Income: R25350
Yearly Net Income: R304210
ROI: 12%
THE PROPERTY CONSISTS OF THE FOLLOWING:
7 X 2 bedrooms
2 x Bachelor / studio
4 x single garage
All tenanted with Leases and deposits managed by Only Realty
All apartment were renovated in 2022
Property Reference #: ORC440
Agent Details:
Sebastien Brazeau
Only Realty
218a Main Road
Walmer
PE
Walmer
Id Subtitle 1268106808
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Estimated monthly repaymentR 27,093
Total property loan amountR 2,500,000
Total interestR 4,002,243
Total repaymentR 6,502,243
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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Only Realty
Selling for 1 year
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