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Apartment
·
for sale
R 615 000
R 10 081/m²
2 Bedroom Apartment / Flat For Sale in Ferndale
Hurlingham
· 61 m² · 2 Bedrooms · 1 Bath · Apartment
Hurlingham · 61 m² · 2 Bedrooms · 1 Bath · Apartment
Only serious investors and first-time buyers need apply. This isn't a property that needs selling. It's already performing. A reliable tenant pays R7,000 per month and wants to sign a longer-term lease with the right owner. Your job is simply to decide whether 13.33% gross yield belongs in your portfolio. The Investment Case The numbers speak first: Asking price: R630,000 Monthly rental income: R7,000 (tenant in situ, month-to-month) Gross annual yield: 13.33% Net annual yield: 10.50% (after rates, levies, and body corporate charges) Monthly landlord costs: R1,485.58 (levies, CSOS, common area electricity, and property rates. Water, electricity, sewerage, and refuse are tenant expenses) Net monthly cash flow: R5,514.42 At current bond rates, this unit services its own debt and still puts money in your pocket. That's not projection. That's what it's doing right now, today. The Property A well-positioned upper-level 2-bedroom apartment in the heart of Ferndale. Two bedrooms with built-in
Only serious investors and first-time buyers need apply. This isn't a property that needs selling. It's already performing. A reliable tenant pays R7,000 per month and wants to sign a longer-term lease with the right owner. Your job is simply to decide whether 13.33% gross yield belongs in your portfolio. The Investment Case The numbers speak first: Asking price: R630,000 Monthly rental income: R7,000 (tenant in situ, month-to-month) Gross annual yield: 13.33% Net annual yield: 10.50% (after rates, levies, and body corporate charges) Monthly landlord costs: R1,485.58 (levies, CSOS, common area electricity, and property rates. Water, electricity, sewerage, and refuse are tenant expenses) Net monthly cash flow: R5,514.42 At current bond rates, this unit services its own debt and still puts money in your pocket. That's not projection. That's what it's doing right now, today. The Property A well-positioned upper-level 2-bedroom apartment in the heart of Ferndale. Two bedrooms with built-in
R 615 000