**Three-storey house in the region of Anderlecht**
Location: Anderlecht land Area: 200 m2, Total area: 200 m2 Year of construction: 1972 Number of floors: 3 Number of units: 4 Technical condition of the object: Excellent Leased: 100% equity: 155 350 Euro Cost total: 260 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 2,1€ Current return on investment: 10.2% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
The offered property has three floors, a small attic and consists of a shop with the area of 50 sq.m. located on the first floor, two bedroom apartments with an area of 45 sq.m. located on the upper floor, and has a bedroom, living room, bathroom and kitchen, and two apartments on the last level, whose total area is 95 sq.m. Engineering systems of the building are in good condition, individual counters of electricity, gas, water, all Windows are glazed with double glazing units.
In the immediate surrounding of the house is well-developed infrastructure and routes of public transport.
Anderlecht is one of the 19 administrative units included in the Brussels agglomeration (the capital region Brussels), and bordering with Brussels. The population of the commune's population is just over 100 thousand people. Among the most famous attractions Anderlecht - Gothic Church of the Holy Guido and St. Peter, the house of the XVI century, which stayed Erasmus von Rotterdam, and the football club.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The net cost of the object
Current profitability on private investment 10.2 per cent
Rental yields months / a year €2.100 €25.200
ADDITIONAL EXPENSES WHEN PURCHASING The purchase tax 12,5% €32.500 Notary and registration 1,5% €3.900 Commission 5,5% €14.300 Other expenses -- 0 Project TOTAL -- €310.700
Own funds 50% €155.350 Loan amount 50% €155.350 The effective rate 3,5%
The loan term, years 10
Fixed payment per month -- €1.536 The loan payment per year -- €18.434
Insurance per year ± €483 Property tax per year ± €1.166 Driven/service in months % 11% €231 The repair. the Fund (% of lease) 7% €147 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 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 private investments is the aggregate income of the project in relation to your own investments.