Way back in October 2007 we reported on this flat in Strand which was counting on the 2010 World Cup to help it sell, despite the fact the property is at leat 40km from the stadium. Well 4 months later it still hasn't sold so I guess the logical thing to do is raise the price R5 000. Back in October the flat was renting for R1 700 a month but that's now up to R1 800 a month (a 2% less than inflation increase).So if you bought the flat now for it's asking price and received the going rental your ROI would be:
| Down Payment | Monthly Payment | Cash flow | Annual Income | ROI |
|---|---|---|---|---|
| R0 | R5107.19 | R-3307.19 | R-39686.29 | |
| R39900 | R4596.47 | R-2796.47 | R-33557.66 | -84.10% |
| R79800 | R4085.75 | R-2285.75 | R-27429.03 | -34.37% |
| R119700 | R3575.03 | R-1775.03 | R-21300.41 | -17.79% |
| R159600 | R3064.31 | R-1264.31 | R-15171.78 | -9.51% |
| R199500 | R2553.60 | R-753.60 | R-9043.15 | -4.53% |
| R239400 | R2042.88 | R-242.88 | R-2914.52 | -1.22% |
| R279300 | R1532.16 | R267.84 | R3214.11 | 1.15% |
| R319200 | R1021.44 | R778.56 | R9342.74 | 2.93% |
| R359100 | R510.72 | R1289.28 | R15471.37 | 4.31% |
| R399000 | R0.00 | R1800.00 | R21600.00 | 5.41% |
Well at least that 5.41% ROI is an improvement over the 5.16% ROI achieved in October...
No comments:
Post a Comment