Ten apartments for rent.
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.
Apartments consist of a light living-room combined with a kitchen and a dining area, and a bathroom.
- flat is furnished;
- kitchens equipped with modern appliances.
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.
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 €.
It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.
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.