Description
The INVESTMENT PROJECT ON a QUIET STREET IN the CENTRE of the CITY / ANTWERP - See more at: http://dohodniydom.com/Issues.aspx?id=193#sthash.YL9I2xas.dpuf
Location: ANTWERP land Area: m Total area: m Year of construction: 1970 Number of floors: 4 Number of units: 4 Technical condition of the object: Good Leased: 100% equity: 221 075 Euro total Cost: 442 150 Euro leverage: Yes Rate on Bank loan: 3,5% Rental yield: 2 100 EUR Current return on investment: 5.8% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
Apartment house in Belgium on a quiet street in the city centre. Residential building good-classical building consists of 4 floors, glazed balcony rounded shape, garage. On each floor is one spacious 3-room apartment with a convenient layout. Apartment on the ground floor, 65 m2 and includes a cozy patio 9 m2. The area of apartments on other floors is from 67 m2 to 70 m2. Each apartment has entrance hall, a spacious living room, fully equipped kitchen, separate bathroom and toilet. Interior design in neutral colours. The decoration harmoniously complement the glass interior doors. Solid, solid house in quiet area in the Central part of the city. Convenient location the house combines the advantages of proximity to the motorway, shops, school and at the same time attracts the absence of bustle and the noise of the city around. V teстечении the first 6 months, the amount of rental income can be increased by 15-20% (only possible with the change of ownership of real estate). The proximity to the respectable and picturesque centre of Antwerp. Antwerp is one of the largest cities in the Kingdom of Belgium and the second largest port city in Europe. The world famous city of art, unique in beauty and wealth of attractions as well as major world centre of the cutting and the diamond trade.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The cost of the object of net €370.000
INCOME
The current return on private investments of 5.8%
The rental yield month / year €2100/ EUR 25.424
Income from resale on
after the investment period € 165.870
ADDITIONAL COSTS
WHEN PURCHASING
A purchase tax of 12.5% €46.250
Notary and registration of 1.5% €5.550
The Commission of 5.5% €20.350
Other expenses -- 0
The project is JUST --- €442.150
FINANCING
Own funds 50% €221.075
The loan size 50% €221.075
The effective rate of 3.5%
CREDIT
The term of the loan, 15 years
Fixed payment per month €1.580
The loan payment a year €18.965
OPERATING COSTS
Insurance in the year ± €483
Property tax in the year ± €1166
Driven/service per month % 11% €231
The repair. the Fund (% of rent) 7% €147
Other expenses in months -- € 000
Other expenses in months -- € 000
MACROECONOMICS
Annual growth of rentals 2%
Cost inflation, 5%
Growth rates profitable real estate in Belgium in the year
2,5%
1. Price is the net amount that will be paid directly to the owner and also it is all based estimates of additional costs.
2. Equity capital is the sum of all spent their own funds to the project, including the design of the object. In the calculations of financial modeling, we consider 50% as the baseline scenario. This amount may vary depending on the capabilities and preferences of the buyer and the approval of the lender.
3. Leverage is the ability of financial participation in this project of borrowed funds, this is a mortgage loan.
4. Rate on Bank loan is the rate, expressed in percents on annual basis, in our calculations we opredelili it as 3.5 percent, which, of course, is a close, with this unit.
5. The rental yield is the amount generated by the project at the expense of renting.
6. The current return on private investments is the aggregate income of the project in relation to your own investments.