Numbers not adding up?
Highest Received Offer was R 240,000
Large Bachelor flat, 1 Bathr (46 sqm). Neat block.
Painted, wooden floors.
Close to all amenities, public swimming pool, park.
Current rental income = R2,300
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)