Scenario 2 - Leaseback on golf course with usage

Luxury 3 bedroom leaseback villa on 18 hole golf course in Vendee with private swimming pool and garage. 10km from Atlantic sandy beaches. You have use of the property for 43 weeks of the year.

Rental income flexible and based on 55% of the revenue generated by your villa.

Net price of property €268,000
Price of property with VAT €320,528
VAT (to be paid for by developer) €52,528
Deposit (37%) €100,000
Mortgage (63%) €168,000

Outgoings:

Monthly mortgage repayment
(3.8% over 25 years)		 €869
Monthly mortgage interest only
(3.8% over 25 years)		 €532
Monthly frais de syndic (site fees) €108
Monthly taxe foncière payable after 2 years €24
Total monthly cost with repayment mortgage €1,001
Total annual outgoings €12,012

Income:

9 weeks summer rental: €6,400 Monthly top up: €467

As well as the rental income, this allows you still to have 10 months a year for your personal usage plus initial VAT saving of €52,528.

Estimated 8% annual capital growth over 20 years = €1,589,047.55 by 2026.

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