Bachelor apartment for sale in Sylray Mansions.

Sylray Mansions, located in Berea Johannesburg is the perfect investment opportunity for investors.

This is a bachelor apartment that has a kitchen and a bathroom. Slight maintenance will be required.

The rental income that can be achieved at the apartment is R3000.00.

Calculation:

Purchase with Bond (90%):

R 75 000.00 Bond at 90 %
=R 732.00 pm.
Monthly Levy
=R 1 314.02 pm.
Rental Management fee (if applicable)
=R 345.00 pm.
Total
=R 2 391.02 pm.

R 3 000.00 rental income – R 2 391.02 expenses
=R 608.98 Cashflow positive.

Purchase with Cash:

Monthly Levy
=R 1 314.02 pm.
Rental Management fee (if applicable)
=R 345.00 pm.
Total
=R 1 659.02 pm.

R 3 000.00 rental income – R 1 659.02 expenses
=R 1 340.98 Cashflow positive.

Gross Yield: 48% at R 3 000.00 rental income