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The property
Quiet, with a view of the residence's garden
Excellent overall condition
Parking space + cellar
62 m²
Surface area
Ground floor
Floor
2017
Year
3 rooms
Rooms
Rating improvement B → B after renovation
kWh/m²/year · Energy performance certificate (DPE)
Covesta Investment
Sourcing team · Property analysis
“This property offers excellent value for its location. Its layout and setting make it an ideal candidate for high-demand furnished letting.”
Works
Amounts and breakdown are indicative: a Covesta estimate, refined once final quotes are in.
€10,000
Estimated total budget
Estimated duration: 1 week
Coordinated by Covesta · RGE-certified tradespeople · Weekly site monitoring
DPE B → B after renovation
Covesta Works
Works team · Renovation management
“This renovation plan is designed to maximise the energy-rating improvement while keeping the budget under control. Each item is optimised for eligibility for state grants.”
Co-ownership
General condition
Well maintained
Works reserve fund
Funded
Litigation
None
Covesta Management
Management team · Co-ownership
“A well-run co-ownership is a key indicator of the long-term soundness of your investment. We systematically check the general meeting minutes, the accounts and the state of the works reserve fund.”
Finances
€268,660
Total invest.
all included
4.24%
Gross yield
rent / price
3.34%
Net yield
without loan
-€674
CF / month
with loan
1.0%
R.O.I.
on invested capital
+€170,608
Resale gain
20-year horizon
Indicative estimate
Gross annual rent: €11,400
Vacancy impact
Borrowed: €241,794
Total monthly payment
€1,422/month
240 instalments · total cost: €341,280
Monthly CF
-€674
after all charges
Appreciation +2%/year · agency fees 5%
20-year projection · rents + appreciation
€355,884
Resale value
-€140,616
Cumulative rents
+€116,384
Gross capital gain
+€170,608
Total net gain
20-year summary
Comparison of a leveraged purchase with a cash purchase, taking into account rent growth, charges inflation and the actual amortisation of the loan.
Total capital invested
€167,482
Contribution (€26,866) + cumulative effort (€140,616)
Final wealth
€338,090
Sale cash (€338,090) + positive CF (€0)
Net gain at 20 years
+€170,608
Final wealth − capital invested
Annualised ROI
3.57%
Total ROI: 102% over 20 years
How borrowing amplifies your return on equity.
Leverage
×1.02
With loan (current scenario)
Cash purchase (no loan)
