08 November 2007

Rent Vs. Buy: Sea Point

Here's a one bedroomed apartment for sale for R815 000 and currently renting for R4200 (minus R450 for levies).













Down PaymentMonthly PaymentCash flowAnnual IncomeROI
R0R10134.69R-6384.69R-76616.34
R81500R9121.23R-5371.23R-64454.70-79.09%
R163000R8107.76R-4357.76R-52293.07-32.08%
R244500R7094.29R-3344.29R-40131.43-16.41%
R326000R6080.82R-2330.82R-27969.80-8.58%
R407500R5067.35R-1317.35R-15808.17-3.88%
R489000R4053.88R-303.88R-3646.53-0.75%
R570500R3040.41R709.59R8515.101.49%
R652000R2026.94R1723.06R20676.733.17%
R733500R1013.47R2736.53R32838.374.48%
R815000R0.00R3750.00R45000.005.52%


Cash flow neutral at R500 000 down? 5.5% ROI (less then inflation) if you pay in cash?

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