Apartment package in Munich, Germany

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Example of apartments package in Munich

We brought up this listing to show you the typical market characteristics of apartments package in Munich. Leave a request to get similar offers according to your requirements.

Apartment package in Munich, Germany

1,700,000 €
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Total area: 243 m² Yield: 3.5% Built in 2018
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Features
  • Operating Incomе: 59,500 €
  • 5-floor building
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 4.8%

Ten apartments for rent.

Description

Microapartments in a new residential complex. The house consists of 120 apartments. The area of the apartments varies from 19 to 40 m².

Property of this type is sought-after for students-tenants and seasonable employee. The owner gets long-term rent revenue for the low cost investment. 

Interior 

Apartments consist of a light living-room combined with a kitchen and a dining area, and a bathroom.

Equipment 

  • flat is furnished;
  • kitchens equipped with modern appliances.

Advantages

Owners may use services of management company, which assumes responsibilities associated with searching for tenant, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

The payment will be paid via an escrow account with payment in installments. The bank gives a guarantee of a refund in case the construction is not completed.

Financial performance

Projected absolute income with a deduction of expenses on management company amounts to 59,500 €.

Projected yield of 3.5%.

The indexation of rental revenue is proportional to inflation.

Price per m² is 5,880 €.

Loan

It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 4.76%.

The cost of ownership

The management costs are 5,000 € per year.

Location and nearby infrastructure

The residential complex is located in a rapidly developing area of the city. There are public transport stops, supermarkets and a shopping center situated within walking distance from the property.

Statistics in Munich

Price per m², €
9,938
Healthcare efficiency level
78
Index 78 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
83
Index 83 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 9,937.5
Apartment in a bedroom community, m² 6,852.38
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.25
Taxi, 1 km 1.9
Petrol, 1 l 1.43
Food Price, €
Water, 1.5 l 0.51
Milk, 1 l 0.84
White bread, 500 g 1.5
Eggs, a dozen 2.12
Chicken fillet, 1 kg 7.85
Education Price, €
Kindergarten, per month 652.5
International school, per year 15,936.36
Health care index
Staff competence 78.67
Medical equipment 92.12
Research accuracy and completeness 81.25
Attitude towards patients 74.33
Security index
Crime rate 11.68
The risk of being robbed 11.84
The risk of car theft 14.38
The risk of break-in and property damage 22.22

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Artem Ezhkov
Artem Ezhkov
Investment Consultant
+44 17 4822 0039
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