- Property price € 100,000
- 45% Initial stage payment: € 45,000 (including € 3000 reservation fee)
- Legal fees: € 1,500
- Broker fee: € 700
Total on signing: € 47,200
Balance due on completion: € 55,000
- Tax 10%: € 10,000
- Notary fees 2%: € 2,000
- Furniture pack (optional): € 5,000
- Total on completion (unfurnished/furnished): € 67,000/72,000
- Mortgage/monthly interest only at 5.39%: € 300,94/323,40
- Ongoing monthly cost:
- Community fee: € 40,00
- Electricity/water: € 35,00
- Mortgage insurance: € 40,00
- Wealth tax: € 7,00
- Total per month: € 432.94/455.40
- Total per year: € 5195,28/5464.80
Typical rental returns for July/August high season /person per week or €42.85/person per day
- 1 bad apartment x 2 people for 8 weeks: € 4,800 €
- Additional 4 week mid/low season at € 200/person € 1,600
- Total revenue: € 6,400
- Less 10% management fee (€ 640): € 5,760
- Cost of property: € 100,000
- Legal/notary fees: € 3,500
- Tax: € 10,000
- Broker fees: € 700
- Total cost of property: € 114,200
- Rental income: € 5,760
Yield p/a: 5.03%
Yield p/a assuming 8% capital appreciation over 5 yrs compounded 13,26%
Yield p/a assuming 10% capital appreciation over 5 yrs compounded 15,73%
