Brokerage | Multi-let Opportunity

216f22e0 7935 44bd 8baf e7cb540402a0

Johannesburg West

  • This 495 squares property has a main house with 5 bedrooms and 5 bathrooms, a huge 2 bedroom 2 bathroom outside  cottage and 3 single rooms with a sharing bathroom.
  • The Property is partly tenanted with only 7 rooms being occupied of the 10 rooms.
  • This outside cottage is self-contained with a kitchen and lounge.
  • Property is close to all major amenities and routes.
Picture1

Multi-let Opportunity

Asking Price R1 550 000
Capital costs include Incl. transfer, bond, and sourcing fee

  • Rental Income R 24 500
  • Bond Repayment R 12 017 (@prime 7%)
  • Operating cost R 6 596
  • (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 18 613
  • Net Cash Flow R 5 887
  • Annual Cash Flow R 70 644