Oh-oh looks like someone might have realised that their Durbanville "investment" property wasn't exactly making them any money. It's on the market for R640 000 (but that's negotiable so go ahead and lowball) and is rented out for R2850. The ROI before rates and maintenance is| Down Payment | Monthly Cash Flow | ROI |
|---|---|---|
| R160000 | R-3119 | -23% |
| R320000 | R-1129 | -4% |
| R480000 | R860 | 2% |
| R640000 | R2850 | 5% |
5%? Why that's almost as good as a fixed deposit! But considering that most of the people in these newly built developments are only putting down a deposit of 10%-20% (or less if they convice the banks to give them a 100% loan) I'm sure this seller got tired of losing R3 000 a month.
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