First property

This is the first property in my Real Estate portfolio. It has 2 apartments and they are both rented out.

Purchase

Purchase price: 139.597€ (1.040.000 DKK)

Down payment: 13.422€ (100.000 DKK)
Lawyer costs: 2.097€ (15.625 DKK)
Banking costs: 1.068€ (7.960 DKK)
Mortgage ownership transfer fee: 671€ (5.000 DKK)
Building expert: 268€ (2.000 DKK)
Registration of property: 554€ (4.130 DKK)

Total cash used to buy this property:  18.080€ (134.715 DKK)

Monthly cash flow

Rental income per month: 1.462€ (10.895 DKK)
Mortgage payments per month: 467€ (3.480 DKK)

Result: 995€ (7.415 DKK)

Monthly income (expected)

Cash flow per month: 995€ (7.415 DKK)

Estimated maintenance costs per month: 335€ (2.500 DKK)

Result: 660€ (4.915 DKK)


Maintenance account

Income:

335€ x 5 months = 1.675€

Expenses:

05.03.2018: New bracket for a kitchen door: 16€
25.04.2018: Lawn mower: 255€
07.05.2018: Petrol for the lawn mower: 7€
21.06.2018: New oven: 335€

Maintenance account balance: 1.062€