Other information or specialties:
Yield calculation (no guarantee!)
Purchase price € 595,000
Due to the leasehold contract, a maximum loan of 80% is possible.
-> Financing: € 476,000
Incidental acquisition costs:
Reduced property tax: 2940, - €
(€ 2,992 * 16.386 compounding factor for the remaining term of the leasehold contract 39 years)
Notary and court including order mortgage: € 7,590
Broker's commission (5.8% on purchase price): € 34,510
TOTAL PURCHASING EXPENSES: € 674,550
Less borrowed capital € 476,000 = 198,550
Rounded equity costs: approx. € 200,000
Return calculation for equity expenditure:
Cold rental income pa 29,000.00 €
Less 12% rent default risk, administration, maintenance
= € 3,500 per year
Less 4% interest and repayment on loans of € 476,000
= € 19,040
Remaining as interest on the equity employed:
€ 6,460
And 3.23%, respectively.
Tax aspects such as depreciation and interest loss deduction as well as repairs and non-allocable operating costs (administration, material costs, etc.) are not taken into account here. These may improve the return a little.
The costs for the notary, court, land charge as well as the reduced real estate transfer tax in the case of leasehold are to be checked again in the event of purchase or verified by a notary and tax advisor.