2 Bedroom apartment for sale in Berea Towers.

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