R 589 000
2.5 Bed Apartment in Sunnyside
8 ss hoogstede, 59 plein streetA Original well looked after investment property in the heartfelt of Sunnyside with option to add 2 roooms.
Market Overview tells us how the beautiful Jakaranda area offers you peace and tranquility. Are you a student looking for that harmony during your studying periods? Perhaps a new young professional who has just moved up town and is looking for an investment he could cash in 10 years'' time.
The property is close to amenities, malls, shopping centers, hospitals and police stations with city transport readily available throughout the 24hours.
Investment
Current Operating Income @ R 7 000,00
Potential Operating Income @ R 10 500,00
Operating Expenses @ R 2 091,00
Desired Cap Rate @ 12.52%
Actual Cap 11,27%
Cash on Cash return =6,25%
This assumes you have made 0% deposit, 100% leverage
Property details
- Listing number T4490613
- Property type Apartment
- Floor size 92 m²
- Rates and taxes R 355
- Levies R 1 790
Property features
- Bedrooms 2.5
- Bathrooms 1
- Lounges 1
- Garages 1
- Patio
- Security Post
- Study