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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
