Apartment in city Turnhout
95.00 sq.m., 2 bedrooms

€ 99 000

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Location: Turnhout land Area: m Total area: m Year of construction: 1962 Number of floors: 2 Number of units: 1 Technical condition of the object: Good Leased: 100% equity: 59 153 Euro Cost total: 99 000 Euro leverage: Yes Rate on Bank loan: 3,5% Rental yield: 700€ Current profit on investment: the total of 8.74% Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%

The apartment is located in the Central part of Turnhout and consists of spacious, bright living room has large Windows, equipped kitchen, toilet, large hall, two bedrooms, terrace and bathroom.

The surrounding area has perfectly developed infrastructure.

Turnhout is located close to the Dutch border, in the province of Antwerp, in its Northern part, in 42 kilometers from Antwerp, and has more than 40 thousand inhabitants. The town has a railway station, a large number of shops, schools, two hospitals, cinemas, libraries, parks, sports clubs, swimming pool. In Turnhout regularly hosts several festivals.

The city has a long and rich history, many monuments which are well preserved and presented by the castle of the Duke of Brabant Gothic Church and chapel, several museums.

Turnhout has a well-developed industrial sector, associated primarily with printing production. The most well-known company, headquarters of which is in Turnhout, is a world leader in the manufacture of playing cards.

FINANCING, INCOME, EXPENSES, PROFITABILITY

The net cost of the object

€99.000

INCOME


Current profitability
on private investment
a total of 8.74%

Rental yields months / a year
€700
€8.400



ADDITIONAL EXPENSES
WHEN PURCHASING
The purchase tax
12,5%
€12.375
Notary and registration
1,5%
€1.485
Commission
5,5%
€5.445
Other expenses
--
0
Project TOTAL
--
€118.305

FINANCING


Own funds
50%
€59.153
Loan amount
50%
€59.153
The effective rate
3,5%


CREDIT


The loan term, years
10

Fixed payment per month
--
€585
The loan payment per year
--
€7.019

OPERATING COSTS

Insurance per year
±
€161
Property tax per year
±
€389
Driven/service in months %
11%
€77
The repair. the Fund (% of lease)
7%
€49
Other expenses in months
--
€000
Other expenses in months
--
€000

MACROECONOMICS

Annual growth of rentals
2.0%

Cost inflation
5,00 %

The growth rates of revenue
the real estate in Belgium in the year

Seller information

Seller type Agency
Company Income house

Location of the property on the map

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