2-storey 5-room apartment with a garden
The objective of the project: Invest in luxury real estate at the stage of construction, wait for the delivery of real estate, make repairs, rent it out to get a stable monthly income.
Claimed investment amount: €500,000
Desired monthly stable income: €3000
Implementation period: 2.5 years
Project result: All tasks were implemented. Thanks to the very successful choice of the project, the price of the property after putting the house into operation increased from 400 thousand euros to 750 thousand euros, including repairs (data as of May 2022). The apartment is rented out and brings the owner a stable monthly income of 3,300 euros or 8.43% per annum. At the same time, the investor can sell the object at any time, earning 280,000 euros of net profit.
Object cost
€400,000
Designer services
€5000
Repair and arrangement with everything necessary
€45,000
Purchase tax
€0
Commission Horizon Real Estate Investments s.r.o. (5%)
€20,000
Total cost of the project
€470,000
The current market value of the property
€750,000
Profit
€280,000
ROI
59,57%
The price of the service for finding a tenant
€0
Rent
€4000/month
Operational management costs
€400/month
Public utilities
€300/month
Net profit per month
€3300/month
Annual profit in % of the investment amount
8,43%
Get the catalog by mail
Fill out the form and get a catalog of current projects with prices and planned profit
By clicking the “Get the catalog” button, I acknowledge that I agree to the site’s privacy policy
What has been done within the framework of this project
- Search and support for the purchase of an object: 5k apartment of 200 sq m on 2 floors with its own entrance and garden in a large project with a water lagoon, workout areas, playgrounds, near a forest, an ice stadium, a hypermarket, 7 minutes from the center of Bratislava by car. The price includes an underground parking space and a storage room of 5 sq. m.
- The interior design was ordered from a famous designer. An infrared sauna with a separate shower room, a relaxation room, and a sports area with a treadmill were added to the layout.
- Drawing up a contract with the contractor for the repair and maintenance of repair work.
- Finding a tenant and agreeing with him the amount of rental payments to the investor at the level of $48,000 per year.
- Property management, transferring to the investor a net profit of 3,300 euros per month, minus management fees and utilities. The net annual profit is 8.4% of the invested capital.
