The information below is to help you see at a glance how investing in a “Buy to Let” property can not only cover your expenses but make you money both in rental income and capital growth. This information is based on an average type of apartment, rented for only 26 weeks of the year and at a low weekly rent in a Bulgarian resort. Working on these figures you should be able to achieve rental targets and financial rewards.
Studio Apartment
| Purchase Price |
45,000 euros |
| Purchase Costs |
2,000 euros |
| Furniture Pack |
4,000 euros |
| Total Outlay |
51,000 euros |
Year |
1st |
2nd |
3rd |
4th |
5th |
6th |
7th |
8th |
9th |
10th |
| |
|
|
|
|
|
|
|
|
|
|
Rental Income with 7% increase PA |
9100 |
9737 |
10418 |
11147 |
11928 |
12763 |
13566 |
14612 |
15635 |
16730 |
Maintainance with 10% increase PA |
350 |
385 |
423 |
465 |
512 |
564 |
620 |
682 |
750 |
825 |
Management Service at 10% |
910 |
973 |
1041 |
1114 |
1192 |
1276 |
1356 |
1461 |
1563 |
1673 |
Water + Electric |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
New Furniture Pack |
|
|
|
5000 |
|
|
|
6000 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
Balance At Year End |
6940 |
7479 |
8054 |
3668 |
9324 |
10023 |
10690 |
5569 |
12422 |
13332 |
| |
|
|
|
|
|
|
|
|
|
|
Total Banked |
6940 |
14419 |
22473 |
26141 |
35465 |
45488 |
56178 |
61747 |
74169 |
87501 |
| |
|
|
|
|
|
|
|
|
|
|
Capital Growth Based on 14% PA |
51300 |
58482 |
66669 |
76003 |
86643 |
98773 |
112602 |
128366 |
146337 |
166824 |
Total Return on Investment Over 10 years 254,325 euros
(87,501 euros Rental Income, 121,824 Capital Growth, Initial Purchase Price 45,000)
With A Mortgage of 70% based on the interest rate of 6.75
| Mortgage Term: |
10 Years |
| Interest rate: |
6.750% |
| Loan amount: |
31,500.00 euros |
| Total Outlay |
361.70 euros a month |
Year |
1st |
2nd |
3rd |
4th |
5th |
6th |
7th |
8th |
9th |
10th |
| |
|
|
|
|
|
|
|
|
|
|
Rental Income with 7% increase PA |
9100 |
9737 |
10418 |
11147 |
11928 |
12763 |
13566 |
14612 |
15635 |
16730 |
Maintainance with 10% increase PA |
350 |
385 |
423 |
465 |
512 |
564 |
620 |
682 |
750 |
825 |
Management Service at 10% |
910 |
973 |
1041 |
1114 |
1192 |
1276 |
1356 |
1461 |
1563 |
1673 |
Water + Electric |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
New Furniture Pack |
|
|
|
5000 |
|
|
|
6000 |
|
|
Mortgage Repayments |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
| |
|
|
|
|
|
|
|
|
|
|
Balance At Year End |
2600 |
3139 |
3714 |
-672 |
4984 |
5683 |
6350 |
1229 |
8082 |
8992 |
| |
|
|
|
|
|
|
|
|
|
|
Total Banked |
2600 |
5739 |
9453 |
8781 |
13729 |
19412 |
25762 |
26991 |
35073 |
44065 |
| |
|
|
|
|
|
|
|
|
|
|
Capital Growth Based on 14% PA |
51300 |
58482 |
66669 |
76003 |
86643 |
98773 |
112602 |
128366 |
146337 |
166824 |
Total Return on Investment Over 10 years 210,889 euros - Deposit and Costs Paid 19,500 euros
(44,065 euros Rental Income, 121,824 Capital Growth, Initial Purchase Price 45,000,)
Click The Apartment Number To View Floorplans
Apt No. |
Block |
Floor |
Type |
Beds |
Baths |
Built m² |
Communal m² |
Price |
Status |