Spectacular investment opportunity in Sunnyside in the form of a well priced spacious bachelor apartment . Currently the bond repayment amount at prevailing market related interest rates is +/-R2 500 which means the rental amount covers the bond repayment and makes this a golden opportunity for the savvy investor.
The property is sold with a lease agreement in place so one does not have to even stress about looking for a tenant. Currently lease for R3 500, but it is possible to rent for R4 000 per month or convert into a two bedroom and rent out each room at R2 500 giving one an income of R5 000 per month and covering all costs of ownership.
Spectacular investment opportunity in Sunnyside in the form of a well priced spacious bachelor apartment . Currently the bond repayment amount at prevailing market related interest rates is +/-R2 500 which means the rental amount covers the bond repayment and makes this a golden opportunity for the savvy investor.
The property is sold with a lease agreement in place so one does not have to even stress about looking for a tenant. Currently lease for R3 500, but it is possible to rent for R4 000 per month or convert into a two bedroom and rent out each room at R2 500 giving one an income of R5 000 per month and covering all costs of ownership.