Updated 04.03.2019
This is the first rental property in my real estate portfolio. It has 2 apartments and they are both rented out.
Purchase
Property price: 139.470€
Down payment: 13.422€
Registration of property: 554€
Mortgage ownership transfer fee: 671€
Banking fees: 1.068€
Lawyer: 2.097€
Building expert: 268€
Total cash used to buy this property: 18.080€
Debt
Mortgage: 111.125,55€
Bank credit: 1.623,83€
Investment value
Monthly cash flow
Rental income per month: 1.474€
Mortgage payments per month: 467€
Estimated expenses per month, including property taxes: 335€
Result: 672€
Maintenance account 2019
Budget: 335€ per month: 4.020€
Unspent budget from 2018: 2.090€
Total budget for 2019: 6.110€
Expenditure:
11.01.2019: Accountant services: 2.030€
25.02.2019: New mirror and other small things: 47€
Maintenance account 2018
Budget: 335€ per month, starting from 01.02.2018 = 3.685€
Expenditure:
05.03.2018: New bracket for a kitchen door: 16€
05.04.2018: Collection of household waste (6 months): 141€
25.04.2018: Lawn mower: 255€
07.05.2018: Petrol for the lawn mower: 7€
21.06.2018: New oven: 335€
28.06.2018: Property taxes: 194€
28.07.2018: Gardening tools (rake, spade and gloves): 45€
08.08.2018: New dish washer: 577€
17.09.2018: Garden sprayer + weed control: 22€
01.10.2018: Weed control: 3€
Current Year to Date expenses: 1.595€