Numbers not adding up?
Accepting New Offers - Previous offer of R 290,000 fell through
Large 1 Bedr, 1 Bathr flat (54 sqm).
Big living area with open plan kitchen. Neat block.
Close to all amenities, public swimming pool, park.
Current rental income = R3,000
The deposit amount you are going put down (ex. 10,000 or 10%)
The interest rate you expecting to get (Currently the rate in South Africa is 10.5%)
How long in years do you want to finance the property (ex 5, 10, 15, 20, 25, 30 years)