VATable mode (NTD-only). The tool is locked to No Transfer Duty listings — the prerequisite for any VAT-input claim.

Why this matters. Residential letting is VAT-exempt — input VAT cannot be claimed even on NTD stock. Recovery requires the property to be used in a VATable enterprise (commercial letting or qualifying short-term commercial accommodation). Every property must still be confirmed with your accountant & conveyancer.
Step 1 — Pull listings from Property24

Get this round's opportunities

60+ area / channel combinations · Western Cape commercial + VATable Airbnb focus · R1.2m–R2.5m · ≈30–90 seconds
Checking proxy…
More options Single area · paste a listing · price band · demo / clear
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Paste a listing

From Property24, Private Property, or any text — the parser pulls price, area, sqm, badges.

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Best opportunities

Ranked by investment score, ties broken by yield
Rank Title Category Area PriceSizeR/sqm YieldCash ROIVAT ScoreRiskConf Link

Selected portfolio

Default cadence: 6 purchases / year
No properties selected. Pick from Opportunities or Ranking to build a portfolio.
Horizon: 10 years · Cadence 6/yr

Portfolio market value

Cumulative value at year-end

Debt vs equity

Bond balance vs owner equity

Net cash flow

Operating cash (bars) vs one-off VAT refunds (line)

Properties owned

Cumulative count

Year-by-year

Net cash is after input-VAT recovery, acquisition costs & income tax. Toggle nominal / real above.
Year # propsMarket valueDebtEquity Gross rentOPEXNOI Bond pmtsVAT recoveredIncome tax Net cashCash invested (net VAT)

Portfolio assumptions

Editable; persist in browser
How the model works. Storey pays a 15% deposit on VAT-inclusive NTD developer stock, then reclaims the input VAT (~15/115 ≈ 13% of price) on registration because the units are used to make taxable supplies (commercial accommodation / commercial letting) — so the cash actually tied up after the refund is small. Net cash is shown after acquisition costs (bond reg + transfer attorney, no transfer duty on NTD stock), a maintenance reserve, self-management (mgmt 0%), input-VAT recovery on opex, and income tax on rental profit (assessed losses carried forward). Output VAT on rent is a pass-through and excluded. Figures are estimates — accountant & conveyancer sign-off remains required.

Data exports

CSV / JSON

Download the current dataset for backup, sharing or downstream analysis.

Investor summary

Printable HTML / PDF-ready

A single-page summary of the selected portfolio, key KPIs, 10/20-year projection table and the VAT caveat block.

Disclaimer. This tool is a sourcing & modelling aid only. All VAT, transfer-duty, capital-growth, yield and tax indicators are estimates based on listing text and assumptions — not legal, tax or financial advice. Every flagged property requires accountant & conveyancer confirmation. Data may be incomplete or stale.