Location: Antwerpen land Area: 50m2 Total area: 50 m2 Year of construction: 1965 Number of floors: 4 Number of units: 1 Technical condition of the object: Repair Rented: 100% equity: 49 712 Euro Cost total: 83 200 Euro leverage: Yes Rate on Bank loan: 3,5% Rental yield: 600 euros Current return on investment: 4,48% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
The apartment is located in a well-kept three-storey building with a beautiful facade, on the second floor and includes a living room of 23 sqm with large Bay Windows, spacious bedroom, with carpeted floors, a fairly new ten-kitchen, with installed equipment and bathroom, the area of which amounts to 5 sq.m. and friendly place for washing machine, shower, toilet, sink. The apartment needs some repairs, the nature of which is more cosmetic.
The house in which the apartment is located, is close to supermarkets, cafes, public transport routes and pool.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The net cost of the object
Current profitability on private investment 4,48%
Rental yields months / a year €600 €7.200
ADDITIONAL EXPENSES WHEN PURCHASING The purchase tax 12,5% €10.400 Notary and registration 1,5% €2.148 Commission 5,5% €4.576 Other expenses -- 0 Project TOTAL -- €99.424
Own funds 50% €49.712 Loan amount 50% €49.712 The effective rate 3,5%
The loan term, years 10
Fixed payment per month -- €492 The loan payment per year -- €5.899
Insurance per year ± €138 Property tax per year ± €333 Driven/service in months % 11% €66 The repair. the Fund (% of lease) 7% €42