Brokerage | Multi-let Opportunity
- 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.
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