APARTMENT/FLAT FOR SALE IN CITY OF JOHANNESBURG METRO, CITY IN SOUTH AFRICA

Another sound investment opportunity at a ridiculous price. Excellent location close to Joe Slovo next to the Parktown border. The block is in a good state with security. Definitely a property with a lot of potential and good investment yield. Size: 67 m² Levy: R Specs: A large two bedroom apartment, with a large living area, two and a half bathroom consisting of a bath and basin and a toilet. The kitchen is separate and there is an open balcony as well. Maintenance: The flat is in an average condition, some cosmetic maintenance is needed. A detailed maintenance quote will be supplied to the successful buyer. Sub-dividable: Yes. According to the Body Corporate 6 people may stay in the unit. Rent: The current rental is R. Rent of R can be achieved Calculation: Purchase with Bond % Bond amount 90% R Repayment monthly R Levy R Monthly costs R Monthly rent R Free Cash Flow positive R Purchase Cash Free Cash Flow R Yield 17.2%