Description
**Cosy apartment in the center of Berchem**
Location: Berchem land Area: m Total area: m Year of construction: 1970 Number of floors: 4 Number of units: 1 Technical condition of the object: Good Leased: 100% equity: 98 588 Euro Cost total: 165 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 800€ Current return on investment: 5.1% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
The apartment is on the third floor of a four-storey house and comprises an entrance hall, a living room, a dressing room, a fully equipped kitchen, separate bathroom, two bedrooms, a bathroom, having a sink, a shower cabin, sanitary equipment and space for washing machine, a storage room, the entrance to which is through the kitchen.
Near the house there are shops, two big parks, museums, science centers, cafes, routes of public transport. The big plus for this object is the close location of the University of Antwerp.
Berchem - this is one of the areas of Antwerp, located along GroteSteenweg, the road that connects Antwerp and Brussels. The population Berchem is just over 41 000 people. The peculiarity of this district is the presence of a large number of houses in the art Nouveau style, built between 1893 and 1906. One of the attractions of Berchem is its main shopping street, presents a variety of shops, local and international companies.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The net cost of the object
€165.000
INCOME
Current profitability
on private investment
5.1%
Rental yields months / a year
800 Euro
€9.600
ADDITIONAL EXPENSES
WHEN PURCHASING
The purchase tax
12,5%
€20.625
Notary and registration
1,5%
€2.475
Commission
5,5%
€9.075
Other expenses
--
0
Project TOTAL
--
€197.175
FINANCING
Own funds
50%
€98.588
Loan amount
50%
€98.588
The effective rate
3,5%
CREDIT
The loan term, years
10
Fixed payment per month
--
€975
The loan payment per year
--
€11.699
OPERATING COSTS
Insurance per year
±
€184
Property tax per year
±
€444
Driven/service in months %
11%
€88
The repair. the Fund (% of lease)
7%
€56