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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