Apartment for rent with yield of 1.2%, Munich, Germany

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Apartment for rent with yield of 1.2%, Munich, Germany

589,000 €
7,011 € /m²
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Total area: 84 m² 3 bedrooms 1 bathroom
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Features
  • Yield: 1.2%
  • Operating Incomе: 7,178 €
  • Built in 1950
  • 7-floor building
  • 4 floor
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%
  • Total rooms: 4

Rental flat in seven-storey residential house.

Description

Total area of apartment is 84 m².

Two-bedroom flat situated on the third floor of the building. Apartment consists of entrance hall, living room, kitchen, 3 bedrooms, bathroom and balcony.

There are 19 apartments and 1 commercial unit in the house.

Building was renovated in 2005. The staircase, balconies, facade were refurbished, new mailboxes and video intercoms were installed.

Financial performance

Absolute annual income is 7,178 €.

The current yield of 1.2%.

Current lease agreements with residents were concluded in the 90s. Soon, contracts with some residents will be terminated, which will give an opportunity to lease the apartments at market value.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 3.5%.

The broker's fee of 3.57%.

Location

The building is situated in the district of Maxvorstadt. There are supermarkets, restaurants, bars, a park, a museum, a university, public transport stops and a Metro station located within walking distance from the property.

Statistics in Munich

Price per m², €
10,093
Healthcare efficiency level
78
Index 78 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
84
Index 84 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 10,092.59
Apartment in a bedroom community, m² 7,096.3
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.6
Taxi, 1 km 1.9
Petrol, 1 l 1.45
Food Price, €
Water, 1.5 l 0.56
Milk, 1 l 0.9
White bread, 500 g 1.44
Eggs, a dozen 2.27
Chicken fillet, 1 kg 7.95
Education Price, €
Kindergarten, per month 622.4
International school, per year 14,350.0
Health care index
Staff competence 78.75
Medical equipment 91.67
Research accuracy and completeness 80.82
Attitude towards patients 74.69
Security index
Crime rate 10.77
The risk of being robbed 11.56
The risk of car theft 14.03
The risk of break-in and property damage 21.88

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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Anastasia Shchepetova
Anastasia Shchepetova
Real Estate Expert
+44 17 4822 0039
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