Marion’s Investment
28 years old, Trader
Cannes
Studio 26sq.m
€222 900
The project
in a few figures
Marion decided to invest in Cannes where she could optimise the return on her investment. Indeed Cannes is an excellent all-year-round rental location with very popular shows/conferences (10 in total during the year including the Film festival / MIPIM / Lions etc) and excellent holiday letting potential (90% occupancy rate during summer months as the town population triples). She bought a 1 bedroom buy to let property in the “Suquet” district, a short 10mins walk to the Palais des Festivals.
%
Net rental yield
Monthly loan
Monthly cash flow
Overall project cost: €222 900
Property cost: €170 000*
Refurbishment: €22 100
Furniture: €6 000
Stamp duty: €13 600*
Oneur fees: €10 200*
Bank charges: €1 000
*Loan amount
Monthly loan: €1 043
Loan: €202 300
Maturity: 20 years
Mortgage rate: 2,2%*
Deposit: €20 600
*insurance included
Annual fees: €7 007
Service charge: €600
Property tax: €650
Rental management, short-term: €4 327*
Home Insurance: €180
*Short term rental: 20% or rent incl. vat
Monthly cash flow: €176
Monthly rent: €1 803*
Monthly charges: €584
Monthly loan: €1 043
*Amount smoothed in short term rental
Cannes – Studio 26m2
Global project €222 900 I Net rental yield 6,6%
Length of the project*
6 months
Refurbishment
8 weeks
Design and decoration
7 days
* from first contact to rental
- Owner satisfaction rate 95%
- Tenant satisfaction rate 92.5%
- 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.