Less Developer Rebate |
-R30,000 |
-R20,000 |
|
Total Investment |
R620,000,00 |
R630,000,00 |
R630,000,00 |
Total Cash Layout |
R620,000,00 |
R126,000,00 |
R126,000,00 |
Expected Rental R5600-R6000 ( 7.5 % |
R5850,00 |
R5850,00 |
R7812,00 |
escalation ) |
|||
Utilities payable by tenant |
0 |
0 |
0 |
Levies |
-R650,00 |
-R650,00 |
-R820,00 |
Rates & Taxes |
-R180,00 |
-R180,00 |
-R290,00 |
|
Management fee 7.3 %
+ vat
|
-R490,00 |
-R490,00 |
-R655,00 |
Bond 80 % 30 yr @ 11 % y1 & 10 % y3 ( expected rate cut Y2 & Y3 … y5 |
0 |
-R4799,00 |
-R4155,00 |
9.75 %) |
|||
Net Rental |
R4530,00 |
-R269,00 |
R1892,00 |
Yield ( Annual nett rental as % of total cash inv . |
8,77 % |
N / A |
18.01 % |
value ) |
|||
Net Positive Cashflow |
R54,360,00 |
-R3228,00 |
R22,704,00 |
Capital Growth 6 % |
R39,000 |
R39,000 |
R219,846,00 |