Address of the Real Estate

Purchase Price and Realtor Commission

Description of property

The ground floor and first floor were completely renovated in 2014 and 2015 (new surfaces, ceilings, walls, floors, new electrics, new radiators, insulated radiator niches, new water and sewage pipes, a new bathroom by merging the old bathroom and toilet, a new one Storage room was also created in this way.
The heating system was renewed in 2019, the loft, the basement ceiling and the north facade were insulated as insulation measures. The chimney head was renewed in 2018, the garage roofs in 2016.

Energy Performance Certificate (EPC) Data

Land plot data

Description of location

Multiple dwelling unit - specific data

Rental situation

Ground floor tenant € 780 cold rent for 83 sqm, + € 50 for a garage. Unchanged since rental began on November 1st, 2014.

One of the two original tenants in the attic has been in the apartment since 1.1.2000. With a new lease, the apartment was taken over to one of the original tenants on March 1, 2014, but now in a shared apartment with another tenant. According to the rental agreement, the basic rent is € 460; since 1.1.2020 increased to 500, - € cold. From January 1st, 2022, it will be increased to € 530. The garage was rented for € 50.

The apartment on the 1st floor is free.

The annual net rent can be increased to € 26,880 when renting the 1st floor at the same conditions as the ground floor. After deducting the annual ground rent, this means a return of 4% on the purchase price!

Further information about the object

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.

Hereditary building right (land lease)

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Use the form below to contact us about this offer

The information you send us via this form is 100% encrypted using modern encryption standards.

Please share any information about your real estate search, times of your availability for visits and everything else that is important  The more information we have in advance, the better we can respond to your request. If you do not want to write anything, that's ok too.

You do not have to send us a phone number. However, it makes it easier to arrange a short-term appointment with you or to clarify any queries, if we can also contact you by phone.

How much equity are you planning to invest?

If you have problems to send the form, just call us at +49 6103 310847 or +49 151 7272 9596