Near Place Gambetta. This charming one bedroom flat on the second floor of a period conversion, straightforward access to the many shopping facilities. Already rented at Eur 440 /month. R.O.I.: 5.40%

LEASE DATA

For sale: Rented unfurnished 3 years lease
End of lease notice sent: NO
Lease ending on: 20/02/2007
Lease starting from: 20/02/2001
Sold with rental income secured: YES
Tenant quality level: ***
Managed by: SGIV Management

BUILDING DATA

Expense share: 32/ 1000
Next landlord meeting date: 03/2006
Common areas condition: Good
Work forecast on the building : No
Porter: None
Last year total building expenses: Eur 686
Recovered from tenant: Eur 362
Landlord yearly expenses: Eur 324

FINANCIAL DATA

Conveyancing cost estimate: Eur 6 760
Yearly council Tax: Eur 144
Monthly rental (expenses excl.): Eur 440 (Yearly income Eur 5280)
Monthly allowances expenses: Eur 45
Yearly income : Eur 5 280 - yearly expenses Eur 324 = 4 956 Eur
R.O.I .before income tax: Eur 4 956 / Eur 92 000 = 5.40 %

EXAMPLES

1st Case: With a down payment.

Purchase price: Eur 92 000
Down payment: Eur 16 000
Mortgage amount: Eur 76 000
Monthly mortgage amount: Eur 440
(Fixed rate 3.5% over 20 years)
Monthly rental income: Eur 440
Monthly disbursement: Nil

2nd Case: With no down payment

Purchase price: Eur 92 0000
Down payment: Nil
Mortgage amount: Eur 92 000
Monthly mortgage payment: Eur 535
(Fixed rate 3.5% over 20 years)
Monthly rental income: Eur 440
Monthly disbursement: Eur 95

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

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