Elodie’s Investment
38 years old, Graphic Designer
Nice
2 rooms 30sq.m
€167 300
The project
in a few figures
Elodie decided to invest with Oneur in the “Musician district” in Nice which is right in the city center. A short walk to the tram and to the prestigious “Promenade des Anglais”, the flat is on the third floor of a typical Nicois building with lift. The property is ideally located for short term rental. After 3 months of refurbishment, the rental demand is well above her expectations. She decided to rent the flat to students during the university year and put it on Airbnb during the summer months. That way she can also enjoy the property a few weeks herself thanks to the flexibility of short-term rental.
%
Net rental yield
Monthly loan
Montlhy cash flow
Overall project cost: €167 300
Property cost: €110 000*
Refurbishment: €29 500
Furniture: €8 000
Stamp duty: €8 800*
Oneur fees: €10 000*
Bank charges: €1 000
*Loan amount
Montlhy loan: €592
Loan: €128 800
Maturity: 20 years
Mortgage rate: 1,6%*
Deposit: €38 500
*insurance included
Annual fees: €5 348
Service charge: €1 440
Property tax: €650
Rental management, long-term: €510*
Rental management, short-term: €1 848**
Utilities: €480
Internet: €240
Home Insurance : €180
* Lease furnished: 5% of rent incl. vat
**Short term rental: 20% of rent incl. vat
Monthly cash flow: €370
Monthly rent: €1 408*
Monthly charges: €446
Monthly loan: €592
*Amount smoothed between furnished and short term rental
Nice – 2 rooms 30sq.m
Global project €167 300 I Net rental yield 6,9%
Length of the project*
7 months
Refurbishment
12 weeks
Design and decoration
7 days
Offers received within 48h**
7 offers
* from first contact to rental
** furnished rental
- Owner satisfaction rate 92.5%
- Tenant satisfaction rate 95%
- Global satisfaction rate 93.75%
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We focus our activity on premium cities for a demanding clientèle, such as Paris and its inner suburbs and the Provence-Alpes-Côte-d’Azur region: Nice, Cannes, Aix en Provence, Marseille, etc. We solely target cities with high rental demand and a gross rental yield of between 6 and 10%*. Sectors of choice with high growth, for a profitable investment.