Descrizione
Apartment house in a prestigious area of Brussels
Location: Brussels land Area: 150m2 Total area: 700 m2 Year of construction: 1963 Number of floors: 3 Number of units: 5 the Technical condition of the object: Good Leased: 100% of the equity capital: 1 314 500 Euro total Cost: 2 200 000 EUR leverage: Yes Rate on Bank loan: 3,5% Rental yield: 10 000 Euro Current return on investment: 4,58% of the Management company: Yes Accounting support: Yes Tax support: Yes a Hands-off investment: 100%
The proposed facility is a three-storey house consisting of five apartments, the area of which varies from 100 to 150 sq.m. the Mansion is located in a prestigious area of Brussels, Ixelles, Avenue Franklin Roosevelt, surrounded with well-groomed buildings, some of which (similar in size and architecture) posted by the Embassy. So close to the house are of the Embassy of Uzbekistan, Singapore, Sudan, Iraq, Guyana, Mexico, Moldova, and other countries. The house is located near a large city Park Bois De La Cambre, the history of which begins in the 12th century, has acquired a modern look in the sixties of XIX century. Also in the area are French-speaking Brussels free University, the national geographic Institute, niderlandskiy free University of Brussels, the famous shopping street, the school of visual arts, multiple museums and Tserkva architecture of the area quite a few buildings in the art Nouveau and art Deco. In the economy of Brussels, the predominant sector of services, including a considerable share belongs to the hotel business. This is largely due to the presence in the city is the headquarters of NATO, the implementation of the Brussels functions of the capital of Belgium and the administrative centre of the European Union.
FINANCING, INCOME, EXPENSES, PROFITABILITY
The cost of the object of net € 2.200.000
INCOME
The current return on
own investments 4,58%
The rental yield month / year € 10.000 Euro 120.000
Income from resale upon expiration of the investment period € 986.256
ADDITIONAL COSTS WHEN PURCHASING
A purchase tax of 12.5% € of 275,000
Notary and registration of 1.5% € 33.000
The Commission of 5.5% € 121.000
Other expenses -- 0
The project is JUST --- € 2.629.000
FINANCING
Own funds 50% € 1.314.500
The loan size 50% € 1.314.500
The effective rate of 3.5%
CREDIT
The loan term, 10 years
Fixed payment per month € 12.999
The loan payment a year € 155.983
OPERATING COSTS
Insurance in the year ± € 2.300
Property tax in the year ± € 5.550
Driven/service per month % 11% € 1.100
The repair. the Fund (% of rent) 7% € 700
Other expenses in months -- € 000
Other expenses in months -- € 000
MACROECONOMICS
Annual growth of rentals 2%
Cost inflation, 5%
The growth rates of revenue
the real estate in Belgium
2,5%
1. Price is the net amount that will be paid directly to the owner and also it is all based estimates of additional costs.
2. Equity - the totality of all spent their own funds to realization of the project including the design of the object. In the calculations of financial modeling, we consider 50% as the baseline scenario. This amount may vary depending on the capabilities and preferences of the buyer and the approval of the lender.
3. Leverage is the ability of financial participation in this project of borrowed funds, this is a mortgage loan.
4. Rate on Bank loan is the rate expressed as a percentage in годоboм terms, in our calculations we opredelili her kak of 3.5%, which is certainly close, with this unit.
5. The rental yield is the amount generated by the project at the expense of renting.
6. The current return on private investments is the aggregate income of the project in relation to your own investments.