Opis
Big apartment house in Antwerp
Location: Antwerp land Area: 460m2 Total area: m Year of construction: 1967 Number of floors: 4 Number of units: 11 Technical condition of the object: Good Leased: 100% equity: 466 050 Euro total Cost: 780 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 5 700€ Current return on investment: 9,12% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
The offered property is a four-storey building with an area of 450 sq.m. consisting of four floors. The main advantages of this proposal is that it has 9 apartments-studios, one office premise, located on the ground floor with separate entrance and adjoining land area of 270 sq.m. Such a large number of units in the house provides, first of all, the sustainability and stability of cash flows. The amount of rent in this building can be increased by a relatively small additional investment. The building is located in one of the nine areas of Antwerp - Turf, the number of residents exceeding 70 thousand people. The house is situated not far from the biggest Park of Antwerp, with several big rivers and lakes, near various shops, cafes, museums, sports centers, schools, an important traffic arteries, kindergarten. The building has good transport accessibility. The area of the Turf was originally the suburbs of Antwerp, experienced the most rapid population growth in the period from 1920 to 1935.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The cost of the object of net € 780.000
INCOME
The current return on private investments 9,12%
The rental yield month / year € 5700 € 68.400
Income from resale on
after the investment period € 349.673
ADDITIONAL COSTS
WHEN PURCHASING
A purchase tax of 12.5% € 97.500
Notary and registration of 1.5% € 11.700
The Commission of 5.5% € 42.900
Other expenses -- 0
The project is JUST --- € 932.100
FINANCING
Own funds 50% € 466.050
The loan size 50% € 466.050
The effective rate of 3.5%
CREDIT
The loan term, 10 years
Fixed payment per month € 4.609
The loan payment a year € 55.303
OPERATING COSTS
Insurance in the year ± € 1.311
Property tax in the year ± € 3.164
Driven/service per month % 11% € 627
The repair. the Fund (% of rent) 7% € 399
Other expenses in months -- € 000
Other expenses in months -- € 000
MACROECONOMICS
Annual growth of rentals 2%
Cost inflation, 5%
The growth rates of revenue
the real estate in Belgium in the year
2,5%
1. Price is the net amount that will be paid directly to the owner and also it is all based estimates of additional costs.
2. Equity capital is the sum of all spent their own funds to the project, including the design of the object. In the calculations of financial modeling, we consider 50% as the baseline scenario. This amount may vary depending on the capabilities and preferences of the buyer and the approval of the lender.
3. Leverage is the ability of financial participation in this project of borrowed funds, this is a mortgage loan.
4. Rate on Bank loan is the rate, expressed in percents on annual basis, in our calculations we determine as to 3.5%, which is certainly close, with this unit.
5. The rental yield is the amount generated by the project at the expense of renting.
6. The current return on private investments is the aggregate income of the project in relation to your own investments.