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R5,950,000

Monthly Bond Repayment R64,480.57
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R5,024

IDEAL INCOME GENERATOR

NEW MANDATE

This excellent 'niche' property offers so much to those with broad vision and who have a need for additional income to be generated to offer great returns. You could almost live 'or free' with income from the garden flats.

This is a unique property ! There is a lovely spacious three bedroomed single level (simplex / stepless) home plus separate building structure offering four income generating cottages / flats which currently generate R30K per month - so why not live in the house and have the passive income balancing out....

So much value for your money! ....this excellent property offers you a range of income generating options!
Option #1 : Keep 'as is' (ie: live in the house and rent out the 4 flats which currently bring in R30K per month)
Option #2 : Live the house and run the 4 flats as a AirBNB accommodation
Option #3 : Turn the entire 7 bedrooms (entire house) into an AirBNB venture
Option #4 : Live in the main house and have your family live in one or more of the flats

The main house is spacious and in really good condition as too are the flats : if you are wanting a good income generator, then this is an excellent option. So many features - too many to list.

Located in the popular suburb of Mt Edgecombe in a secure cul-de-sac with easy access to Cornubia, Cornubia Mall, Gateway and all freeways.

Call me to discuss the amazing property further and/or to arrange a viewing.

Features

7
6.5
6
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
6.5
Kitchens
5
Reception Rooms
10
Exterior
Garages
6
Carports / Parkings
8
Security
Yes
Flatlet
4
Sizes
Floor Size
500m²
Land Size
1,354m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

64,480.57

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