Quickly tenanted high yield buy-to-let

Noordhang, Johannesburg

This is a 2 bed 2 bath, 103 sq.m duplex, with a small garden, situated in an older, well-run complex with a pool. Good location with a high rental demand. The property was in a very good condition when it was bought. The investor spent R5,000 on painting the unit and establishing a lovely garden with a pond and stepping stones. A tenant was found within one week of the upgrade having been completed. The property was bought for a gross discount of R184,000 and had an initial net yield of 11%.

78 Sq.m.

2 Beds 

2 Baths

This property was bought for R184,000 less than its market value,
and was tenanted within a week of its upgrade

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 R416 000
Market value R600 000
Gross discount R184 000
Gross monthly rental  R5 000
Monthly operating expenses  R1 050
Net monthly rental R3 950
Initial net yield 11%

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