Updated 02.09.2021
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€ (The costs are easily added to the property value)
Debt
Mortgage: 110 107€
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€
Property value
