Property Investment Breakdown
Everything from purchase to projected returns, in one place.
Property
|
Purchase Costs
Transfer Tax (ITP 10%) 30.000 €
Notary & Registry 1.467 €
Lawyer (1% + VAT) 3.630 €
Total Cost 335.097 €
+11.7% over purchase price
Financing
You need 125.097 € in equity. Spanish banks will lend up to 210.000 €.
LTV
Rate
Term
Spain mortgage 1.051 €/ mo
Equity from
Running Costs
| bed
IBI400 €
Community480 €
Insurance200 €
Utilities1.440 €
Maintenance300 €
2.820 € / year 235 € / mo
Rental Income
Gross annual 17.400 €
Expenses (~50%) −8.700 €
Net income 725 € / mo
Monthly Cash Flow
Rental income +725 €
Loan payments −1.051 €
Running costs −235 €
-561 € / month
10-Year Projection at / year
Year 1 Year 5 Year 10
Property value 309.000 €347.782 €403.175 €
Your equity 104.351 €166.509 €256.114 €
If sold (net) 87.401 €145.210 €221.521 €
Total ROI -23%51%147%