0.5 Bedroom Flat For Sale in Morningside, WRL77393

Dati

AFFORDABLE INVESTMENT OPPORTUNITY

GPI -R500012= R60 000 Annual Expenses: (R1 462.37 + R494.00)12 = R23 466.84 Net Annual Income : R60 000-R23 466.84+ R36 533.16

Investment Considerations

Tenant Stability: The current tenant is prepared to stay. providing immediate rental stability. Location Advantage: Proximity to various amenities can make the property attractive to potential future tenants. Affordability: Low pi=urchase price implied by the "affordable " tag suggests a potentially lower initial investment out lay.

Additional Factors: Potential for Appreciation : Evaluate the Morningside property market trends to estimate potential future appreciation in value. Maintenance and Upkeep: Factor in possible maintenance costs not covered in the levy . Market Comparison: Compare with similar properties in the Morningside to ensure competitive pricing and rental rates.

This bachelor flat offers a nett income odf R3043.63 with an existing tenant providing rental income sability.The location and affordability are significant advantages. Conduct a detailed due diligence ,including property inspection and market analysis, to ensure it aligns with your investments goals.