R689 900 | 2 Bedroom Townhouse Sold By Us in Bergbron, Roodepoort

PRICED TO SELL - : SPACIOUS UPSTAIRS 2 BED APARTMENT PRICED TO SELL!!! SANTORINI IS A BEAUTIFUL, WELL RUN COMPLEX BOASTING SPACIOUS 103SQ/M HOMES ALL WITH A LOCKUP GARAGE

Santorini is a secure complex comprising 3 rows of units totalling 48 homes. Each row has downstairs garden units and upstairs apartments. These homes are ideal to refurbish and there''s some amazing examples of what owners have done to their units. This apartment needs new carpets or tiles and it's as good as new. I've attached a couple photos on the end to give an idea. Very central with easy access to JHB CBD, the West Rand and the N1 Highway via Gordon Road. Viewing by appointment, this is an urgent sale and is discounted to sell. Rent to value is exceptional, refurbished units rent for R7850 per month ex utilities. Here's the cashflow positive numbers:

Rental income: R7500
95% bond @ 7.25% over 30 years: R4468
Levy : R2072
Rates: R434
POSITIVE MONTHLY CASHFLOW OF R526 PER MONTH OR R6312 PER YEAR AFTER ALL EXPENSES IN YOUR FIRST YEAR BEFORE RENTAL ESCALATION AND ANY CAPITAL GROWTH.