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5.5% return on investment after renovation: Modern 1-bedroom apartment with balcony.

65830 Kriftel – Hessen
149.000 €
1
Room
32 m²
Living Area
Private offer
Apartment

Ideal investment for both beginners and experienced investors – including tax savings through an established renovation concept. If required, we can readily arrange 100% financing with a 1% repayment. A 5.5% return on a completely renovated apartment, with approximately 90% building share and an estimated remaining useful life of around 20 years, according to the expert report. This combination results in an investment that offers > €10,000 in tax refunds through the maintenance costs associated with the renovation (immediately deductible), rent that covers the bank interest rate, and an additional ongoing tax saving of > €150 per month. The tax refund is roughly equivalent to the equity invested for the purchase ancillary costs. In effect, you are buying without using any of your own equity. Note: the current visuals show the planned design and concept of the apartment after renovation. Completely renovated 1-room apartment in a well-maintained high-rise building in the best location in Kriftel. Within walking distance of the S-Bahn (suburban train). Pleasant layout with a large balcony and good natural light, resulting in high rental demand. Everything is new here: from the electrical installation to the doors and frames, walls, flooring, a completely modern bathroom, and a new fitted kitchen. The building is managed by an established property management company with good processes. The management is transparent and cooperative. The building is in very good overall condition. Important systems, such as the heating and roof, were renewed just a few years ago. Pleasant neighborhood, a good mix of owner-occupiers and landlords.

Are you interested in this apartment?

Object Number
OM-464268
Object Class
Apartment
Object Type
Apartment
Is occupied
Occupied
Handover from
Immediately

Purchase price & additional costs

purchase price
149.000 €
Purchase additional costs
approx. 11,392 €
Total costs
approx. 160,391 €
HOA fee
257 €

Breakdown of Costs

Purchase price 149.000 €
Real estate transfer tax 8,940 € (6.00%)
Notary costs 1,621 € (1.09%)
Land register entry 831 € (0.56%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 596€

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By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 4.00%

Details

Condition
First occupancy after renovation
Number of floors
8
Level
Ground floor
Usable area
5 m²
Bathrooms (number)
1
Bedrooms (number)
1
Flooring
Vinyl / PVC
Heating
Central heating
Year of construction
1972
Equipment
Balcony, Basement, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

High-quality renovation using durable and long-lasting materials. Well-suited for investors: low maintenance and focused on return on investment.

Location

Dream location on Berliner Platz in Kriftel, within walking distance of the S-Bahn (suburban train).
Excellent transport links and a superb micro-location; all essential shops are easily accessible.

Very good rental potential and high demand in this area.

Location Check

Shopping
Eating Out
Child Friendliness
Health
Sports
Culture
Nightlife
Public Transport
Nature

Energy

Final energy consumption
149.00 kWh/(m²a)
Energy efficiency class
E
Energy certificate type
Consumption certificate

PDF

Miscellaneous

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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