Stunning leaseback apartments in renovated convent in a beautiful location in the Languedoc National Park.
Net price of property with furniture
€153,590
Price of property and furniture with VAT
€183,693
VAT (paid by you but reimbursed to you 6 months post delivery)
€30,103
Deposit (45.5%)
€69,900
Mortgage (54.5%)
€83,690
Outgoings:
Monthly mortgage repayment (3.8% over 25 years)
€432
Monthly mortgage interest only (3.8% over 25 years)
€265
Monthly frais de syndic (site fees)
€36
Monthly taxe foncière payable after 2 years
€41
Total monthly cost with repayment mortgage
€509
Total annual outgoings
€6,108
Income:
Guaranteed annual rental income: €7,679 (5% of the net price of the property)
There is no monthly shortfall as you actually make a profit of €130.95 per month). You have a guaranteed rental income over 9 years and you have the VAT reimbursed. Should you wish to use the property you pay at a discounted rate. Moreover, the €30,103 VAT that is reimbursed can be reinvested!
Estimated 8% annual capital growth over 20 years = €856,185.20 by 2026.
