Third property

Updated 08-04-2021

Purchase

Property price: 147 650€

Down payment: 37 175€
Registration of property: 1 121€

Banking fees: 1 074€
Lawyer: 2 013 €

Total cash used to buy this property:  41 383€
Renovation: 13 410€

Debt

Mortgage: 110 475€

Monthly cash flow

Rental income: 402€ + 872€. (Potentially up to 2820€, if rented out as 7 separate rooms.)
Mortgage payment: 537€
Property tax: 59€
Property management fee: 23€
Estimated expenses (15% of rental income): 191€

Result: 464€