|
Breakdown of Costs
|
Based on a €100,000 Property |
€ |
20% First Installment
Stamp Duty & Legal Costs (approx. 3%)
|
20,000
3,000 |
Capital Required
80% mortgage
|
23,000
80,000
|
| Total cost of purchase |
103,000 |
Rental Income vs
Mortgage |
Projected Rental Earnings |
€ |
Mortgage repayments per month (15 years, @5% interest)
Net rent per month (after tax, mngmt & utilities) |
|
| Balance to pay per month |
302 |
| Based on 3 years |
Projected capital appreciation |
€ |
Year 1 - Capital appreciation @20% PA
Year 2 - Capital appreciation @20% PA
Year 3 - Capital appreciation @20% PA
|
|
| Total Capital Appreciation |
72,800 |
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