Predicted absolute income with deduction of expenses on management company and furniture depreciation amounts to 4,074 €.
Predicted yield of 5,1% (yield accounting includes expenses on transaction costs: notary fee, RE purchase tax and the cost of bank financing).
Rent revenue of the complex is shared proportionally between owners. This ensures owner's revenue even if property isn't rented yet.
Tax on profits is 15% — 25%. Income tax is reduced to 0 by reducing the tax base for depreciation and interest on the loan. Leave a request and we will provide you with a professional tax practitioner advice.
There is the possibility of obtaining a mortgage lending in the amount of 56% of the total value of the apartment at 1,9% per annum.
Notary fee of 1,5%.
RE purchase tax of 6%.
No broker's fee.
Maintenance of the building and furniture — 279 € per year.
Managing of the building and rent — 720 € per year.