And it's tenanted at R4 000/month. Till April 2012. Which means after expenses (but excluding maintenance) you'll be making R1 480/month. As the submitter said "I feel like I am taking crazy pills!". The difference between the rental and the bond is R11 000/month!! You're going to need a whopping 88% downpayment to have positive cashflow!
Do you even need to see the cashflow yield graph?
|Down Payment||Monthly Payment||Cash Flow||Annual Income||ROI||Cap. Appr. Required|