This 2 bed 2 bath “penthouse” unit is located close to the Randburg CBD and has excellent rental demand. It includes modern finishes, a large lounge/dining area, and a balcony. The unit needed very little repair work, and was rented out within 6 days of purchase, at an initial net yield of 11%. As the property was bought below market value, the investor made almost R200,000 when the property was bought.
This property was bought for R200,000 less than its market value,
for an initial yield of 11%
Use the map to get an idea of the area. For security purposes we have not identified the actual property on the map.
|Total capital investment||R534 797|
|Market value||R730 000
|Gross discount||R195 203|
|Gross monthly rental||R6 000|
|Monthly operating expenses||R1 230|
|Net monthly rental||R4 770|
|Initial net yield||11%|