R 2 750 000 | 11 bed property for sale in belgravia

Exclusive listing Investment Property Analysis – Athlone Property Price: R2,750,000 Updated Monthly Rental Income Breakdown: Downstairs: 1-Bedroom Unit: R3,500 (Increased from R3,000) 7 Bedrooms (each at R3,000): R21,000 Upstairs: 3-Bedroom Unit: R5,500 1 Unit (shared by 3 students): R6,000 (Increased from R5,500) Total Monthly Rental Income: R36,000 Total Annual Rental Income: R432,000 Estimated Expenses: Bond Repayments (Assuming a 20-year loan at an 11.75% interest rate with a 90% bond) Loan Amount: R2,475,000 (90% of R2,750,000) Monthly Repayment: ±R26,350 Rates & Taxes: ± R2,000 per month Maintenance & Insurance: ± R3,000 per month Water & Electricity (if not separately metered): ± R4,000 per month Total Estimated Expenses: ± R35,350 per month Updated Cash Flow Analysis: Total Monthly Rental Income: R36,000 Total Estimated Expenses: R35,350 Net Cash Flow: R650 per month (positive cash flow!) This property is nestled in the cultural vibrancy in the heart of Athlone, this property oozes with potential! As an income-generating property or ideal home for the whole family, this beautiful property offers extended possibilities. For the savvy investor, this property is ideally located where amenities such as the well-known Wembley Roadhouse, Athlone Stadium, The Golden Dish and right around the corner from the College of Cape Town which are ideal activities for AirBnB guests or students. This home is also ideal for the whole family as it encompasses - 13 beds 3 bathrooms, and offers a comfortable amount of living space. Being situated in the cultural Athlone creates a sense of community and safety for families. The comforts and features of this lovely home do not stop here, as the house features a multitude of must-haves including a low-maintenance garden with ample space and a well-sized driveway. It is not often that one finds all these comforts and luxuries wrapped up in one home in this area at this type of price point. Certainly not one to be missed out on! Call now - View by appointment only Buyer agents welcome Erf size: 451m² Rates & Tax: TBC secure parking spaces