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Fantastic buy to let investment opportunity as well as perfect for first-time buyers working in the CBD.
This existing cash flow positive buy-to-let investment opportunity in one of the fastest growing areas in Cape Town (with an abundance of tenants).
Invest alongside one of the big funds in the Cape Town property market. The fund owning the complex is only selling a few of the units, at a discounted price, keeping the balance as their own investment stock.
INVESTMENT SUMMARY
Investment Strategy: Buy-to-Let
Property Type: Existing Residential Sectional Title
Occupation Date: Early 2021
Deposit to Secure: No deposit.
Purchase Costs: Bond and Transfer Excluded.
Capital Growth: High capital growth area estimated at 9% due to UDZ, proximity to Cape Town CBD and public transport routes.
Cash Flow: Positive by R236/mo at 100% finance and 7% interest
Gross Rental Yield: 10,91%
2 bedrooms, 1 bathroom
40 Square Meters
Stylish open-plan living
High-end kitchen appliances
Guarded security and parking
?Centralized water heating system
?Prepaid electricity
Purchase Price: R825,000
Rental Income: R7,500/month
Bond Repayment: -R5,489/mo (@ 7%)
Levies: -R800/mo
Rates and Taxes: -R300/mo
Cash Flow Surplus Year 1: +R236/mo
Cash Flow Surplus Year 2: + R661/mo
Cash Flow Surplus Year 3: + R1,196/mo