2 Bedroom Apartment / flat for sale in Glenlilly

This student accommodation investment in Parow, Glenlilly near Cape Peninsula University of Technology, Stellenbosch University and Northlink College but there are a few things worth analysing before deciding if it`s truly a good deal. Quick Investment Breakdown: Purchase Price: R1,095,000 Monthly Rent Income: R18,300 Gross Yield: ~20% Net Yield (advertised): 15.8% Annual Numbers Gross income: R18,300 × 12 = R219,600 Net income: R219,600 – R35,232 = ~R184,368 Expenses: Levies: R1,600 Rates: R136 Electricity: R1,200 Bond: ~R10,300 Total expenses: ~R13,236 Why This Area Works Parow is a known student accommodation hotspot because of proximity to: Cape Peninsula University of Technology – Bellville Campus Stellenbosch University – Tygerberg Medical Campus & Northlink College Student demand in this area has been consistently high for years. Student housing usually delivers higher yields than normal rentals.