
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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