Craigavon, Johannesburg
This 3 bed 2 bath, 185 sq.m cluster was bought in an excellent condition. The capital investment (purchase price, and all acquisition and renovation costs) was R734,930, 33% less than its market value of R1.1m. This means that YDL’s investor made R365,070 when the property was purchased. The investor obtained a 90% mortgage bond, and the property was tenanted for R9,500 pm. The property was thus cash flow positive from Day 1! The initial net yield was 13%.
185 Sq.m.
3 Beds
2 Baths
This well-located buy-to-let property had an initial net yield of 13%.
It was therefore cash-flow positive from Day 1!
Use the map to get an idea of the area. For security purposes we have not identified the actual property on the map.
The Numbers
| Total capital investment | R734 930 |
| Market value | R1 100 000 |
| Gross discount | R365 070 |
| Gross monthly rental | R9 500 |
| Monthly operating expenses | R1 660 |
| Net monthly rental | R7 840 |
| Initial net yield | 13% |
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