Updated 11.03.2021
This is the first rental property in my real estate portfolio. It has 2 apartments, one is currently vacant while it’s being renovated.
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: 103 033€
Monthly cash flow
Rental income: 1 532€
Mortgage payment: 467€
Property tax: 32€
Property management fee: 23€
Estimated expenses (20% of rental income): 306€
Result (when fully rented out): 704€
Investment value
