Projected absolute income with a deduction of expenses on management company amounts to 8,310 €.
Projected yield of 4.6%.
There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the apartment.
Notary (state registration) is 1.5%.
Acquisition tax is 6%.
With the purchase of 10 or more apartments the brokerage fee is absent (with the purchase of less than 10 apartments the brokerage fee will be 3.57%).
The management costs 820 € per year.
For letting an apartment for rent management the management company takes a commission in the amount of a monthly rent.
The residential complex is situated in the district of Prenzlauer Berg. There are parks, many shops, movie theatres, fitness clubs and several shopping malls located in close proximity to the house. Public transport stops and Metro stations are located withtin walking distance from the building.