This house in Bergvliet on the market for R1 850 000 is described as an "INVESTORS DREAM" and is tenanted at R8 500 a month. Buying this on a 100% bond means that the monthly bond payments will be R25 046 a month and the difference between that and the rent is R16 546, nearly twice the rental itself. Here's the payment and yield graph:
If you're the buyer you need to put down a massive 2/3 downpayment (over R1.2 million) to break even on cash flow and even with a 50% downpayment you need a capital appreciation of 2.61% to not lose any money at all. Paying for the place in cash gets you a dismal 5.51% return on investment.
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