Monthly Bond Repayment R10,728.70
Calculated over 20 years at 11.75% with no deposit.
Web Ref No RL17812
Passive Investor's Dream in Glenwood, Durban
Property Overview: Situated in the heart of Glenwood, Durban, this investment property caters exclusively to the savvy investor who seeks passive income and long-term growth. The location, just a 7-minute walk to Glenwood Village Spar and pubs, ensures convenience and accessibility to public transport and day to day institutions.
Unit Configuration: - Originally 2.5 bedrooms, - - The property is currently partitioned into 6 individual rooms. - Each tenant contributes between R2000 to R2500 per month, -- Yielding a solid monthly income of R12,000 to R15,000.
Current Expenses: - Lights and water(Prepaid meter installed): R1800 - Levies: R2000 - Rates: R1000
Cash Flow Analysis: - After deducting expenses, the estimated monthly cash flow ranges from R8,200 to R11,200. - This translates to an impressive annual return on investment and yield. A detailed breakdown can be provided upon request. - Also the cashflow can easily be used to pay for a bond should the investor take one.
Investor Benefits: - Ideal for a cash flow-focused investor seeking steady passive income. Prime location near Schools, Universities, and Private Hospitals for long-term value appreciation. - Flexibility to revert to the original 2.5-bedroom configuration as partitions are temporary.
Viewing Details: Viewing is strictly by appointment to accommodate serious buyers. Reach out to Neville via call or WhatsApp for more details and to schedule a viewing.
This property offers a unique opportunity for investors to generate consistent cash flow while strategically positioning themselves in a thriving neighborhood with potential for future growth.
Features
Bedrooms 6
Floor Size 91m²
Garages 1
Land Size 883m²
Monthly Rates R1,000.00
Monthly Levy R2,000.00