Brokerage | Multi-let Opportunity

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Johannesburg West

  • This 495 squares property consist of 10 bedrooms 3 bathrooms and 2 kitchens
  • The Property is completely vacant as it stands as the owners have moved to CPT
  • This property has the capacity to park 3-4 cars
  • Property is close to all major amenities and routes
  • Proximity to the University of Johannesburg – Auckland Park – Kingsway Campus, Campus Square, MediCross Meldene Medical & Dental Centre.
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Multi-let Opportunity

Asking Price R 1 850 000

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

  • Rental Income R 38 000
  • Bond Repayment R 14 343 (@prime 7%)
  • Operating cost R 9 255
    (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 23 598
  • Net Cash Flow R 14 402
  • Annual Cash Flow R 172 824