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A package of ten microapartments in a new residential complex, Frankfurt, Germany

2,075,000 €
9,431 € /m²
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  • Total area
    220 m²
  • Yield
    3.8 %
  • Rental rate (m²/month)
    32 €
  • Completion in
    2021.II
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Details
Financial performance
  • Annual income: 87,027 €
Loan
  • Loan size: 50% of the value of the object
  • Rate: 2.0 %
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 3.6 %

Ten furnished microapartments in a newly built residential complex in Frankfurt.

The complex consists of 345 apartments.

Apartment sizes range from 16 m² to 55 m².

The cost of apartments varies from 150,900 € to 429,900 €.

The construction will be completed in the spring of 2021.

It is possible to purchase a parking space in the underground garage:

  • standard space 29,800 €
  • wide/long space 30,800 €
  • extra wide/extra long space 31,800 €
  • maxi space 32,800 €
  • optional with an electrical car station 35,800 €

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

Financial performance

The projected annual income is 87,027 €.

The projected yield after deducting all expenses is from 3.4% to 4.5%, depending on the lease term and the occupancy.

Loan

There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the apartments at 2.0% per annum.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The brokerage fee is 3.57%.

The cost of ownership

The cost of the management company is 6,240 €.

  • Property on the map
    Location right down to the building, street or city

Statistics in Frankfurt am Main

Price per m², €
6,475
Healthcare efficiency level
73
Index 73 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
59
Index 59 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 6,475.0
Apartment in a bedroom community, m² 4,168.42
Transport Price, €
Public transport, 1 ride 2.75
Monthly travel card 90.0
Taxi, 1 km 2.0
Petrol, 1 l 1.43
Food Price, €
Water, 1.5 l 0.53
Milk, 1 l 0.74
White bread, 500 g 1.29
Eggs, a dozen 1.89
Chicken fillet, 1 kg 8.03
Education Price, €
Kindergarten, per month 342.06
International school, per year 13,787.5
Health care index
Staff competence 75.0
Medical equipment 87.1
Research accuracy and completeness 75.0
Attitude towards patients 65.63
Security index
Crime rate 46.11
The risk of being robbed 37.5
The risk of car theft 38.3
The risk of break-in and property damage 50.27

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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Enquire about this apartments package
Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
  • Bank financing from 1.5% annually
  • Property, plot and construction site survey
  • Management company services
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