3-room apartment in Dunajska Streda
Project objective: The budget is limited. Invest in an inexpensive apartment in basic condition, make repairs, rent out for a stable monthly income.
Claimed investment amount: €56,000
Desired monthly stable income: €350
Implementation period: 1 month
Project result: The 3-room apartment with a balcony of 59 sq m was purchased in the center of Dunayska Streda. Cosmetic repairs were carried out, and immediately the building was rented for a long time. The investment brings 7.42% per annum profit. And also the investor can earn at any time 45% of the net profit from the total investment, if he wants to sell the apartment now.
Object cost
€51 500
Repair and arrangement with everything necessary
€2500
Purchase tax
€0
Commission Horizon Real Estate Investments s.r.o. (5%)
€2575
Total cost of the project
€56 575
The current market value of the property
€82,000
Profit
€25425
ROI
44,94%
The price of the service for finding a tenant
€0
Rent
€500/month
Operational management costs
€50/month
Public utilities
€100/month
Net profit per month
€350/month
Annual profit in % of the investment amount
7,42%
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What has been done within the framework of this project
- Purchased 3-room apartment 59 sq m in the town of Danube Streda near Bratislava. The price of the apartment at the time of purchase was 51,500 euros.
- An experienced reliable team was invited to carry out repair work. The cost of the work was 1500 euros.
- The necessary furniture was ordered and delivered in the amount of 1000 euros.
- A reliable tenant with long-term plans for renting an apartment was found, payment terms of 500 euros per month, including utility bills, were agreed with him.
- Property management, transferring to the investor a net profit of 350 euros per month, minus management fees and utilities. The net annual profit is 7.42% of the invested capital.
