We haven't done any of these for a while. And remember the rental income is before rates, maintenance, taxes and vacancy.
Upmarket Apartment In the Cbd For Sale: Sale price R1 575 000. Currently rented for R5700.
| Down Payment | Monthly Payment | Cash flow | Annual Income | ROI |
|---|---|---|---|---|
| R0 | R19016.15 | R-13316.15 | R-159793.82 | |
| R157500 | R17114.54 | R-11414.54 | R-136974.43 | -86.97% |
| R315000 | R15212.92 | R-9512.92 | R-114155.05 | -36.24% |
| R472500 | R13311.31 | R-7611.31 | R-91335.67 | -19.33% |
| R630000 | R11409.69 | R-5709.69 | R-68516.29 | -10.88% |
| R787500 | R9508.08 | R-3808.08 | R-45696.91 | -5.80% |
| R945000 | R7606.46 | R-1906.46 | R-22877.53 | -2.42% |
| R1102500 | R5704.85 | R-4.85 | R-58.14 | -0.01% |
| R1260000 | R3803.23 | R1896.77 | R22761.24 | 1.81% |
| R1417500 | R1901.62 | R3798.38 | R45580.62 | 3.22% |
| R1575000 | R0.00 | R5700.00 | R68400.00 | 4.34% |
Fully leveraged you're only going to lose R160 000 a year. And even if you pay the full asking price you'll get a whopping 4.34% annual return on investment. Even putting down a R1 million downpayment loses you money...
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