Fully let investment property in Wadgassen (current rental income of € 17,820.00, much more possible)

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66787 Wadgassen
Saarland
319.000 €
Selling Price
240 m²
Living Area
9
Rooms
TraumImmo-ID: M2U3YJ3
Partner-ID: 647916324
Partner-Property by: RegionalImmobilien24
Contact:
Anonymous

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Information

  • Living Area ca.: 240 m²
  • Rooms: 9
Balcony

  • Property Area: 377.0
  • Bedrooms: 3.0
  • Bathrooms: 3.0

Selling Price & Extra Costs

Selling Price319.000 €
Courtage7.14

About this dream investment property

Property Description

For sale is an apartment building with 3 residential units, all of which are kept to a good standard. All residential units (ground floor, 1st floor and attic) have 3 rooms, only the apartment on the 1st floor also has a conservatory. Each apartment has an average of approx. 80 m² and the conservatory has just under 16 m², half of which can be counted as living space. The total living space thus amounts to approx. 240m² + approx. 8m². The 8m² are not reflected in the yield calculation, so they would still be on top.




The income to be achieved or currently achieved is calculated monthly as follows:

Apartment ground floor and attic € 440.00 each

Apartment 1st floor 520,00 €

Parking space in front of the house 10,00 €

Advertising board attached to the house 75,00 € (225€ per quarter)

Garage for up to 2 cars € 80.00 (currently used by the seller)

Current monthly income € 1,485.00 = current annual income: € 17,820.00

Current possible monthly income € 1,565.00 = possible annual income: € 18,780.00


Adjustment possible after 16 months (§ 558 BGB) to + 20 % possible, as this is still below the local comparative rent (€ 8.05/m²):

(7.42 €/m² x 240.00m² = 1781.00 €) rent + (10.00 € ) parking space + (75.00 €) billboard + (80.00 €) garage

= Possible monthly income from the 16th month: € 1,946.00

= Possible annual income from the 16th month: € 23,352.00


Further adjustment possible after 52 months to the local comparative rent:

(8.05 €/m² * 240m² = 1,932.00 € ) Rent + (10.00 €) parking space + (75.00 €) billboard + (80.00 €) garage

= Possible monthly income from the 52nd month: € 2,097.00

= Possible annual income from the 52nd month: € 25,164.00



Possible income calculated over 10 years:

1.25Y x 18,780 €/Y + 3Y x 23,352.00 €/Y + 5.75Y x 25,164.00 €/Y

= 238.224,00€

- 23,822.40 € (10% rent loss risk)

- 47,644.80 € (20% fixed costs)
_______________
166.756,00 €


Potential income calculated over 20 years less fixed costs and rent loss risk:

10Y* € 25,164.00/Y = € 25,640.00

- 25,164.00 € (10% rent loss risk)

- 50,328.00 € (20% (fixed costs)
_________________
176.148,00 €

+ 166.765,00 €
_________________
342.913,00 €


Location

Contact:
Anonymous

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