Description
Location: Antwerp land Area: m Total area: m Year of construction: 1930 Number of floors: 3 Number of units: 4 Technical condition of the object: Good Leased: 100% equity: 160 728 Euro Cost total: 321 455€ leverage: Yes Rate on Bank loan: 3,5% Rental yield: 2 100 EUR Current return on investment: 9.3% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
Profitable house at an attractive price perspective on the plot of land near the river. In the credit of 50%of place, guaranteed level of profitability of own investments is 9%. House with an attic in a classic Flemish style, with a new facade, elegant outdoor balconies. In the house are 4 comfortable apartments, each of which consists of a cozy living room with kitchen, bedroom and bathroom. Floors - laminate, the bathrooms are tiled. The kitchens are fully equipped. On the upper floor there is a spacious Studio. In finishing supported typical elements Flemish decor, creating a harmonious chamber interior. The cosy design of the space. Gas heating. There is a garage. The key feature of this project is its favorable location at a very affordable price. The house is located in the South of Antwerp, one of the largest cities in Belgium and the second port in Europe. Antwerp is the world - known center of tourism and expensive shopping. Plot of land, on which this house, is located near the river. Prospects of design development areas involve the construction of a Gulf, with the possibility of call of water transport, making this investment offer particularly interesting, as the cost of land in this case will increase many times. It is important to note that among the Western European countries, Belgium has one of the most stable and favorable conditions for investments in real estate. The standard of living in the country - one of the highest in the world, and in the reliability rating to investment, Belgium is the highest level "AA".
FINANCING, INCOME, EXPENSES, PROFITABILITY
The cost of the object of net €269.000
INCOME
The current return on private investments to 9.3%
The rental yield month / year €2100 €25.200
Income from resale upon expiration of the investment period € 120.592
ADDITIONAL COSTS
WHEN PURCHASING
A purchase tax of 12.5% €33.625
Notary and registration of 1.5% €4.035
The Commission of 5.5% €14.795
Other expenses -- 0
The project is JUST --- €321.455
FINANCING
Own funds 50% €160.728
The loan size 50% €160.728
The effective rate of 3.5%
CREDIT
The term of the loan, 15 years
Fixed payment per month €1.149
The loan payment a year €13.788
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%
The growth rates of revenue
the real estate in Belgium in the year
2,5%
1. The price is the sum which will be paid directly to the seller.
2. Equity - the totality of all spent their own funds to realization of 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 as a percent in annual terms, in our calculations we determine both of 3.5%, which is certainly 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 your investments is a collection of rental income and growth of cost of the object in relation to your own investments.