R 460 000 | 2 bed property for sale in elspark

ELSPARK - R460,000 - 2 BED 2ND FLOOR APARTMENT - 61m² - INVESTOR'S DREAM! Currently tenanted with GREAT PAYING TENANTS - R5,000 pm! PROPERTY DETAILS: - 2nd Floor Apartment - 61m² - 2 Large Bedrooms with Built-In Cupboards (BIC) - 1 Full Bathroom - Balcony - Spacious Lounge - Open Plan Melamine Fitted Kitchen FINANCIALS - LOW EXPENSES = HIGH PROFIT: Rental Income: R5,000 pm Tenant Pays: Rent Water Sewerage Refuse (Owner hassle-free!) Monthly Expenses Breakdown: Rates: R364.34 less VA Value Exclusion/Discount R146.13 = ONLY R218.21 NET PAYABLE Levies: R759.39 Reserve Fund: R144.66 CSOS Levy: R5.39 TOTAL LEVIES: R909.44 TOTAL OWNER EXPENSES: Only R1,127.65 pm (R218.21 R909.44) NET PROFIT: ± R3,872.35 pm BEFORE BOND! YIELD: Gross Yield: 13.04% Net Yield: 10.1% - EXCELLENT RETURN! SECURITY - TOP CLASS: Very Secure Complex, Electric Fence, CCTV Cameras, 24 Hour Guard - Peace of mind! LOCATION - SUPER CONVENIENT: Close to Schools and Major Shopping Centres Easy Access to N17, Wadeville, Alrode and Anderbolt Close to Public Transport Perfect for Investor or First-Time Buyer!