All Forum Posts by: Tiaan De lange

Greetings from Pretoria! 

Hey Guys! :)

I worked on a Rental Property Calculator, as well as a Short Term Rental (STR) Calculator on Excel and want to share this with you. Your support on this will mean a lot.

It can be used to figure out how profitable your rental / STR property is, calculate cash on cash return on your investment, and plan for expenses. Plus, you can determine your monthly cash flow and create printable PDFs to show lenders / possible partners.

Here are the links: https://www.etsy.com/listing/1450697651/short-term-rental-property-calculator

&

https://www.etsy.com/listing/1399613034/rental-property-cashflow-roi-calculator

All the best to you 🙏 

From a fellow South African looking to immigrate in the near future!

Thanks Michael! It depends on the size. But taking it from the architectural drawings to occupation on our build (2 Bedroom) should take about 5 to 7 months. 

Thank you Ecaterina, will be happy to! I sent you a message.

Hi Ricky, 

Thanks for the reply. And yes, at 25 to 35% Occupancy we will be covering most of the expenses including the monthly payment. 

We typically have 20 and 30 year bond periods. At 10% down (i.e. $6000) and 50% Occupancy you should look at less than 10 months to get your initial investment back, assuming that is the only money out of pocket. 

You are 100% correct. Expenses you're looking at +-$400 incl. Pricelabs, guesty, Electricity, Water etc. 

Amortization works the same as in America when I'm comparing the numbers on the Biggerpockets calculators. 

Average household income for middle-class is +-$4000 a month ($48,000 Annually).

Hi Guys, 

Tiaan here from South-Africa. I'm fairly new to the STR game, I own one multi-family LTR, but my interest shifted to the STR market due to the big opportunity.

Just signed on a piece of vacant land in Dullstroom, Mpumalanga. It's a small town in South-Africa attracting a lot of tourists over weekends and holidays, perfect for an AirBnB. 

Stand Price: $20,000.00 (R390,000.00)

Build cost prediction: $40,000.00 (+-R800,000.00)

Average daily rate: $100 (+-R1800) 

Predicted occupancy: 40% - 80% depending on season. 

LTV: 90 - 100% (South-Africa tends to give up to 100% loans)

Interest rate: 9.75% (Very high rates in SA)

I'm sharing my deal to get involved on the BiggerPockets platform and to connect with other people who is interested in the market. 

Thanks for reaching out John! 

Yes that would've been very helpful for me as well. 

I acquired the deal through a 100% bank loan, our interest rates are high at 9.75% but managed to get prime minus 0.75%, loan term is 30 years. 

I got the property for about 30% below market value, and are renting the property out for $1000 p.m. (+- $100 profit p.m. after all expenses). 

Property is situated in a quiet and old community. 

Hi everyone, my name is Tiaan from South Africa. 

I am busy reading RENTAL PROPERTIES INVESTING and it's an amazing book, also the reason I stumbled onto Biggerpockets. 

I am looking for a community in South Africa that I can engage with and start the journey. Currently sitting at one investment property and look forward to buy more. 

Thank you!