Financial Calculation

Here is a Financial Calculation Table for a sample two room, 50 m² apartment in non-renovated condition, to help you with your Budget calculations. You can use this example to estimate the costs of the property you are looking to buy.

  Non-furnishedFurnished
Rooms11
Size (m²)5050
Purchase Price100 %200.000 €200.000 €
Real Estate Agency Fees (6% + 19% VAT)7,14 %14.280 €14.280 €
Notary Fees1,80 %3.600 €3.600 €
Purchase Tax6,00 %12.000 €12.000 €
Total Acquisition Cost114,94 %229.880 €229.880 €
Remodelling 700 €/m²35.000 €35.000 €
Furnishing300 €/m²15.000 €
Renovation + Furnishing35.000 €50.000 €
Total Price150,9 %264.880 €279.880 €
Net Rent15,0 €/m²750 €
Gross Rent24,0 €/m²950 €1.200 €
Association Fees4,0 €/m²200 €200 €
Electro + Internet (40+25)70 €
Management Fee (15% + 19% VAT)17,58 %35 €210 €
Net Monthly Rent765 €720 €
Net Annual Income9.180 €8.640 €
Return before Tax4,00 %3,10 %
Income Tax15 %1.377 €1.296 €
Net Income after Tax7.803 €7.344 €
Net after Tax Return2,95 %2,62 %