2 Bedroom House in Kaalfontein

R 760 000

Prince Shongwe

Huizemark-Midrand

2 Bedroom House in Kaalfontein

R 760 000

4982 coatfish street
Can I afford this?
2 Beds
1 Baths
Land Area 276 m²
Rates R 300

This property is a cash cow for rental income.

There are 8 outside rooms for renting, bringing in a total of R12 000.00 rental fees per moonth. If the buyer does not wish to live in the property, the main house can also be rented out and will bring in R4 500.00 rental fee per month. In that case the property can bring in a total rental income fee of +- R16 500.00 per month, giving the onwer 106% returns on the initial investment per month.

If you are new or want to increase your investement portfolio into property this is an opportunity not to be missed. All the rooms have a prepaid electricity box installed. That means each tenant buys and manages his/her own electricity. The onwer will have a stress free and only collect his/her rental fees. If you have an interest in making money out of property this is your opportunity. Do not let the opportunity slip out of your fingers.

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Key Property Features

2
Bedrooms
1
Bathrooms
1
Dining Areas
1
Lounges
Kitchen
Satellite

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Monthly Repayment

Loan Value (Capital) R 0
Total Interest R 0
Total Repayment R 0
Interest at 10.25% for 20 years
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.

Experience Midrand

Midrand, also known as the Halfway House, was established as a municipality in 1981. It is a very vibrant, accessible area that is growing at a rapid rate. Families flock to the area to take advantage of the laid back lifestyle and variety of amenities. There is plenty of employment nearby, with many large businesses taking advantage of Midrand's convenient location between big cities. Vodacom, Cell C, Neotel, Altech Autopage and many more large companies have offices situated here, and with its growing residential areas this is one of the up and coming areas in South Africa.

Find out more about Midrand

2 Bedroom House in Kaalfontein

R 760 000

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