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Furnished flat with yield of 5,1% in a new residential complex in Berlin

115,000 €
5,000 € /m²
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Total area: 23 m² Yield: 5.1%
  • Absolute return: 4,074 €
  • Year of construction: 2018
  • 5-floor building
  • Loan size: 56% of the value of the object
  • Rate: 1.9%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • 1 living room
  • 1 separate bathroom
  • Shared garden
  • Shared parking
  • Development
  • Balcony
  • Terrace
  • Internet
  • TV
  • Furnished

Apartment in modern residential complex, which comprised of 272 flats (21 m² - 23 sqm) and 26 penthouses (37 m² - 40 sqm). The construction will be ended on the forth quarter of 2018.

Owner may lease apartment out or live there himself.

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

This project is sought-after for investors because of it's low entrance to the project threshold and the possibility of mortgage lending.

Interior 

Apartment consists of light living-room combined with kitchen and dining area, bathroom and balcony.

Equipment 

  • flat is furnished;
  • kitchen equipped with modern appliances;
  • central heating and air ventilation system.

Advantages

Complex may offer at residents'disposal: fitness-club, underground parking for 44 cars, spacious terrrace on the roof of the building, roofed area for bicycles, laundry and concierge-service. Personal parking lot costs 24,000 €. 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.

Financial performance

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.

Loan

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.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

No broker's fee.

The cost of ownership

Maintenance of the building and furniture — 279 € per year.

Managing of the building and rent — 720 € per year.

Location

Residential complex situated in Lichtenberg area, in 8 km away from the central Berlin square — Alexanderplatz. Shopping mall, Tierpark Berlin, public transport stop and Metro station are within walking distance from the apartment.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Berlin
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