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
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
Own funds 50% €59.153 Loan amount 50% €59.153 The effective rate 3,5%
The loan term, years 10
Fixed payment per month -- €585 The loan payment per year -- €7.019
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
Annual growth of rentals 2.0%
Cost inflation 5,00 %
The growth rates of revenue the real estate in Belgium in the year