20 February 2008

Rent Vs Buy: Durbanville

Here's an apartment for sale in Durbanville for R600 000 with a rental of R2 800.












Down PaymentMonthly PaymentCash flowAnnual IncomeROI
R0R7679.99R-4879.99R-58559.84
R60000R6911.99R-4111.99R-49343.86-82.24%
R120000R6143.99R-3343.99R-40127.87-33.44%
R180000R5375.99R-2575.99R-30911.89-17.17%
R240000R4607.99R-1807.99R-21695.90-9.04%
R300000R3839.99R-1039.99R-12479.92-4.16%
R360000R3071.99R-271.99R-3263.94-0.91%
R420000R2304.00R496.00R5952.051.42%
R480000R1536.00R1264.00R15168.033.16%
R540000R768.00R2032.00R24384.024.52%
R600000R0.00R2800.00R33600.005.60%

70% downpayment required to break even on cash flow and a 5.6% ROI if you pay in cash. Even less once rates and other expenses are taken into account.

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