2 Bedroom Apartment in Strand Central

R 370 000

Mariana Janse van Rensburg

RE/MAX-TRE

Offer Pending

2 Bedroom Apartment in Strand Central

R 370 000

Can I afford this?
2 Beds
1 Baths
Floor Area 53 m²
Rates R 32
Levy R 1002

Villa Arnoldo is a 2 bedroom 1 bathroom 53m2 sectional title apartment in Strand.

Purchase price: R370,000

Rental income: R3,900/month

Gross rental yield: 12,64%

Rent value ratio (RVR): 0.86

Finance available: 100%

Reservation fee: R0

Est. Bond & Transfer Fees: R29,019

Investment Type: Existing Sectional Title Apartment

Strategy: Long term buy-to-let (income)

Quantity: 1

Based on an estimated 10% annual capital growth rate (12% was achieved over the last year) and 100% bond finance, a total of R128,660 equity is available in year 3 to gear towards the growth of your portfolio.

Important investor information:

Already tenanted at R3,900/month.

10% rental escalation in December 2017.

100% finance available.

Low maintenance apartment.

Large rental demand.

Well managed body corporate.

Gross yield of 12,64%

12% capital growth achieved over the past year.

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Key Property Features

2
Bedrooms
1
Bathrooms
Access Gate
Balcony
BIC
Fenced
Kitchen

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Mariana Janse van Rensburg

Mariana

Janse van Rensburg

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Experience Strand

Surrounded by mountains and just a stone's throw from the beach, living in Strand feels like a holiday that never ends. Residents are friendly and always ready to help a fellow neighbour. The words ‘Hakuna Ma tata’ are the best way to describe the atmosphere in Strand. A small fishing and holiday town that always feels like home.

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2 Bedroom Apartment in Strand Central

R 370 000

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