Perspectives is a new apartment complex in Roeland Street in the Cape Town CBD. You can either rent for R4500/mo or buy at R10000/mo (with 20% down over 20 years).Ouch!
That's some SERIOUS negative cashflow if you're thinking of buying now for an 'investment'. I don't even want to run the numbers of this... Ahhh what the hell:
| Down Payment | Monthly Cash Flow | ROI |
|---|---|---|
| 100000 | -8329 | -100 |
| 200000 | -7331 | -44 |
| 300000 | -6332 | -25 |
| 400000 | -5334 | -16 |
| 500000 | -4336 | -10 |
| 600000 | -3337 | -7 |
| 700000 | -2339 | -4 |
| 800000 | -1341 | -2 |
| 900000 | -342 | 0 |
| 1000000 | 656 | 1 |
| 1100000 | 1655 | 2 |
| 1200000 | 2653 | 3 |
| 1300000 | 3651 | 3 |
EINA!
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