High rental demand buy-to-let

Ferndale, Johannesburg

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.

88 Sq.m.

2 Beds 

2 Baths

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.

The Numbers

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%

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