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214 Donnelly Street, Kenilworth, Johannesburg, Gauteng
R 940 000
This investment property currently brings in just under R14000 per month. R13950.00 per month with 8 self container rooms, all tiled, all have thier own toilet, basin and kitchenette, along with thier own Geyser. Fully Tiled. All rooms have its own prepaid electricity meter and water is split. Fully LET. Lots of Secure Parking is charged at a rate of R150 per car. Parking R450.00 (currently only 3 cars) R13950 + R450 = R14 400.00 Costs: Rates and Taxes R700 Pik it up R300 Garden Service R150 Insurance R300 Income R14 400 Expenses R1 150 NET income R12950 16 % Return on investment.
Estimated monthly repayment
R 8 877
on a R 846 000 bond over 20 years at 11.25%
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214 Donnelly Street, Kenilworth, Johannesburg, Gauteng
Listed by
Anika Masilela
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