Green Acre Terraces - Strand
AFFORDABLE PROPERTY INVESTMENT IN STRAND
5 MIN FROM THE BEACH
ONLY R 619 900.00
24 MONTHS RENTAL ASSISTANCE OF R4 800 P/M
+ RENTAL INCOME
NO SHORTFALL FOR 2 YEARS
One of our suppliers have been able to secure an additional 30 units in this development. They negotiated a rental assistance at R 4800.00 per month for a full two year period.Not only will you receive R4 800.00 a month but also the income from your tenant.
The benefits offered to investors and the main details of the development are reflected below:
- Only a R 20 000.00 deposit. Deposit will be refunded on date of registration if a 100% bond facility
is obtained. - Occupation date November 2007
- No transfer or bond registration costs.
- Development in Strand
- Security complex with large open spaces
- Two bedroom flat units (61 sq meters) and one full bathroom
- New shopping centre and business park to be developed close to this development
Cash Flow Situation for the First Year after Date of Registration:
| Full Bond Amount |
R619 900 |
| Bond Repayment over 30 yrs @ 11.5% |
R6 138 pm |
| Plus Estimated Levies |
R450 pm |
| Total Monthly Costs |
R6 588 pm |
| Less: Expected Rental Income |
R2 200 pm |
| Less: Rental Assistance |
R4 800 pm |
| Positive Cash Flow |
R 412 pm |
If you are interested to invest in this sound investment opportunity, please post a comment on this post with your full contact details included and any questions you may have. Also remember to subscribe to our mailing list to receive updates for future investment opportunities.