- 9
- 8
- 385 m2
- 2 316 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 1733.00
Property description
Are you an investor, whether just starting out, a seasoned pro, or a woman looking to build lasting wealth? The market is shifting, and opportunities like this are incredibly rare. Imagine unlocking positive cash flow from day one, watching your investment grow, and securing your financial independence. If you hesitate, someone else will seize this chance.
This isn't just a property; it's a proven income-generating machine at 224 Kent Avenue, Ferndale. Situated on a massive 2316sqm stand with an estimated 385sqm under roof, this unique multi-let property offers unparalleled returns and stability.
Your Pathway to Unrivaled Returns
This incredible property consists of a spacious main house (configurable as 2-bed/2-bath or 4-bed/3-bath) and six highly desirable cottages (4 bachelor units and 2 one-bedroom units). With a current income of R79,000 per month and property costs of just R21,627 per month, the numbers speak for themselves:
Past & Potential Income Breakdown:
- Main House (2b2b): R17,000
- Cottage 1: R9,500
- Cottage 2: R12,000
- Cottage 3: R9,500
- Cottage 4: R9,500
- Cottage 5: R9,500
- Cottage 6: R12,000
Past & Potential Expenses Breakdown:
- Staff: R5,700
- Water & Sanitation: R1,678.81
- Electricity: R7,500
- Solar Rental: R4,500
- Rates & Taxes: R1,733.75
- Refuse: R514.05
Unbeatable Financial Performance & Features
This isn't speculation; it's a certainty. With 100% financing at Prime + 2.25%, you're looking at a Geared ROI of 14%, an astounding IRR of 37.5%, and an impressive Cap Rate of 25.28%. These are the numbers that define a truly exceptional investment. *Possible outcome*
Beyond the astounding financials, this property is designed for optimal tenant appeal and operational efficiency:
- Sustainable Living: Equipped with solar power, a borehole, and backup water tanks, ensuring minimal utility costs and uninterrupted supply.
- Lifestyle Amenities: Enjoy communal gardens, a braai area, a private or communal pool, and a covered patio with a built-in braai – perfect for tenant satisfaction.
- Convenience: Ample covered parking space and easy access to main roads, shopping centers, schools, highways, and medical facilities mean high tenant demand.
- Peace of Mind: Benefit from excellent security and the unique charm of a koi pond.
The Cost of Inaction is Too High!
Opportunities like this are snatched up quickly. The chance to secure significant passive income and build substantial wealth is right here, right now. Don't let this slip through your fingers. Imagine the regret of looking back and knowing you missed out on this life-changing investment.
Act Now!
The time to invest is NOT tomorrow. It's TODAY. Contact us immediately to arrange a private viewing and secure your future.
Call NOW before someone else claims your next profitable venture!
Property Details
- 9 Bedrooms
- 8 Bathrooms
- 3 Ensuite
- 4 Lounges
- 3 Dining Area
Property Features
- Study
- Patio
- Pool
- Staff Quarters
- Laundry
- Furnished
- Aircon
- Pets Allowed
- Access Gate
- Alarm
- Kitchen
- Built In Braai
- Pantry
- Guest Toilet
- Entrance Hall
- Paving
- Garden
- Intercom
- Family TV Room
- Cottages
| Bedrooms | 9 |
| Bathrooms | 8 |
| Floor Area | 385 m2 |
| Erf Size | 2 316 m2 |
Contact the Agent
Jacqui Van Zyl
Full Status Property Practitioner