Right in the heart of Sunnyside, you find this investment property.
Given the current lending rate, this is a must buy property with leverage. We will do the numbers and show you how to get 44.61% Cash On Cash returns.
Massive 1.5 bedrooms, with 1 bathroom apartment in a secure building turned into 3 bedroom.
Situated in the heart of Sunnyside, Pretoria, this property offers easy access to transport and major routes.
Walking distance to schools, to University of Pretoria, Loftus Stadium, Boston college, Pretoria Girls High, Pretoria Boys High.
Potential Rental Income= R10 300
Actual Operating Expenses= R2 080
Potential rate of return= 11.59%
Potential Cash on Cash= 52.94% (This assumes a 0% deposit)