First property

Updated 04.05.2019

This is the first rental property in my real estate portfolio. It has 2 apartments and they are both rented out.
My first rental property

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: 110.113,99€
Bank account value: 431,43€

Investment value

Monthly cash flow

Rental income per month: 1.516€ from 01.05.2019
Property management fee from 01.05.2019: 23€
Mortgage payments per month: 467€
Estimated expenses per month, including property taxes: 335€

Result: 691€

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 bathroom mirror + new doormat: 47€
14.03.2019: Heating in April (between tenants)
29.03.2019: New bathroom mirror for the second toilet: 34€
14.03.2019: Heating in March (between tenants): 190€
01.04.2019: Heating in April (between tenants): 190€

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€