Ten rental flats in modern residential complex, which comprised of apartments with area of 23–198 m².
The price of apartments ranges from 88,000 to 495,000 euros.
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.
Equipment
- flats are furnished;
- kitchens equipped with modern appliances;
- central heating and air ventilation system.
Advantages
Complex may offer at residents'disposal: underground parking, laundry and concierge-service. The purchase price of a parking lot is 22,500 €. 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 management company guarantees the rental income for 1 year to the owner, even if the apartment is not rented.
Projected absolute income is 34,645 €.
Projected yield of 3.3%.
There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the apartment at 1,9% per annum.
Notary fee of 1.5%.
RE purchase tax of 3.5%.
No broker's fee.
Maintenance of the building and furniture — 1,596 € per year.
Managing of the building and rent — 5,638 € per year.
Complex situated in vicinity of community amenities. Restaurant, public transport stop and railway station are located within few minutes of walking.