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This property is reserved: an offer has been accepted and the preliminary contract is in progress. See available properties
The property
The flat is in excellent condition; it was renovated less than five years ago and is fully furnished.
Close to tramway line 3, the Montpellier Business School / Purple Campus and the prefecture.
DPE (energy rating)
C
High yield
Well-maintained co-ownership / roof renewed
107 m²
Surface area
2
Floor
1981
Year
6 rooms
Rooms
Rating improvement C → C 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.”
Co-ownership
Total units
420
Monthly charges
€250
Managing agent
Cabinet Pécoul
General condition
Well maintained / roof renewed and paid for by the seller
Works reserve fund
Funded
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
€280,800
Total invest.
all included
10.64%
Gross yield
rent / price
8.18%
Net yield
without loan
+€428
CF / month
with loan
49.4%
R.O.I.
on invested capital
+€487,906
Resale gain
20-year horizon
Indicative estimate
Gross annual rent: €29,880
Vacancy impact
Borrowed: €252,720
Total monthly payment
€1,487/month
240 instalments · total cost: €356,880
Monthly CF
+€428
after all charges
Appreciation +2%/year · agency fees 5%
20-year projection · rents + appreciation
€386,346
Resale value
+€148,957
Cumulative rents
+€126,346
Gross capital gain
+€487,906
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
€28,080
Contribution (€28,080) + cumulative effort (€0)
Final wealth
€515,986
Sale cash (€367,029) + positive CF (€148,957)
Net gain at 20 years
+€487,906
Final wealth − capital invested
Annualised ROI
15.67%
Total ROI: 1738% over 20 years
How borrowing amplifies your return on equity.
Leverage
×2.70
With loan (current scenario)
Cash purchase (no loan)
