A FEEL OF THE COUNTRYSIDE IN PARIS, near to metro, old stone and brick apartment block, studio flat on a high floor with lift, excellent condition throughout

LEASE DATA

For sale: Rented unfurnished 3 years lease
End of lease notice sent: NO
Lease ending on: 01/07/2005
Lease starting from: 01/07/2008
Sold with rental income secured: Not subscribed by landlord but available for potential buyer
Tenant quality level: ***
Managed by: Landlord

BUILDING DATA

Expense share: 20/ 997
Next landlord meeting date: 03/2006
Common areas condition: Average
Work forecast on the building: No
Porter: None
Last year total building expenses: Eur 1 000
Recovered from tenant: Eur 800
Landlord yearly expenses: Eur 200

FINANCIAL DATA

Conveyancing cost estimate: Eur 6 500
Yearly council Tax: Eur 200
Monthly rental (expenses excl.): Eur 420 (Yearly income Eur 5 040)
Monthly allowances expenses: Eur 80
Yearly income: Eur 5 040 - yearly expenses 200 Eur = 4 840 Eur
R.O.I .before income tax: Eur 4 840 / Eur 108 000 = 4.5 %

EXAMPLES

1st Case: With a down payment.

Purchase price: Eur 108 000
Down payment: Eur 35 500
Mortgage amount: Eur 72 500
Monthly mortgage amount: Eur 420
(Fixed rate 3.5% over 20 years)
Monthly rental income: Eur 420
Monthly disbursement: Nil

2nd Case: With no down payment

Purchase price: Eur 108 000
Down payment: Nil
Mortgage amount: Eur 108 000
Monthly mortgage payment: Eur 626
(Fixed rate 3.5% over 20 years)
Monthly rental income: Eur 420
Monthly disbursement: Eur 206

Conveyance expenses are excluded in the calculation and are paid upfront to the notary.

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