0.5 Bed Flat in Morningside

GPI -R5000*12= R60 000

Annual Expenses: (R1 462.37 + R494.00)*12 = R23 466.84

Net Annual Income : R60 000-R23 466.84+ R36 533.16

Investment Considerations

Tenant Stability: The current tenant is prepared to stay. providing immediate rental stability.

Location Advantage: Proximity to various amenities can make the property attractive to potential future tenants.

Affordability: Low pi=urchase price implied by the affordable tag suggests a potentially lower initial investment out lay.

Additional Factors:

Potential for Appreciation : Evaluate the Morningside property market trends to estimate potential future appreciation in value.

Maintenance and Upkeep: Factor in possible maintenance costs not covered in the levy .

Market Comparison: Compare with similar properties in the Morningside to ensure competitive pricing and rental rates.

This bachelor flat offers a nett income odf R3043.63 with an existing tenant providing rental income sability.The location and affordability are significant advantages. Conduct a detailed due diligence ,including property inspection and market analysis, to ensure it aligns with your investments goals.