Brokerage | Multi-let Opportunity

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Johannesburg West

  • This property on 495 squares consist of 11 Bedrooms and 5 Bathrooms
  • This Property has 2 separate outside cottages
  • This property is NSFAS accredited with 8 approved students
  • This property has carport parking for 2 cars
  • Property is close to all major amenities and routes
  • Proximity to University of Johannesburg – Auckland Park – Kingsway Campus, The Melville Boulevard Shopping Centre and MediCross Meldene Medical & Dental Centre.
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Multi-let Opportunity

Asking Price R 2 489 000

Capital costs include Incl. transfer, bond, and sourcing fee.

  • 8 NSFAS Students at R 4 287
  • Cottage 1 rented at R 4 000
  • Cottage 2 rented at R 3 500
  • Rental Income R 41 796
  • Bond Repayment R 19 297 (@prime 7%)
  • Operating cost R7 821
    (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 35 566
  • Net Cash Flow R 6 410
  • Annual Cash Flow R 76 920