Gabriel’s Investment
33 years old, Jurist
Nice
3 rooms 61sq.m
€337 400
The project
in a few figures
Gabriel trusted Oneur and invested in a buy to let property in Nice “Carre d’Or” district, which is located right in the city center. Very close to the tram linking the airport to port (West/East), the flat is on the third floor of a typical Nicois building with lift and only 5mins walk to the prestigious “Promenade des Anglais”. Thanks to high quality refurbishment, Gabriel is now renting the property 300 euros per month higher than initial expectations. He chose two young professionals sharing the flat on a long term furnished contract.
%
net rental yield
Monthly loan
Monthly cash flow
Overall project cost: €337 400
Property cost: €260 000*
Refurbishment: €30 600
Furniture: €10 000
Stamp duty: €20 800*
Oneur fees: €15 600*
Bank charges: €1 000
*Loan amount
Montlhy loan: €1279
Loan: €260 000
Maturity: 20 years
Mortgage rate: 1,7%*
Deposit: €77 400
*insurance included
Annual fees: €3 986
Service charge: €1 656
Property tax: €1 160
Rental management, long-term: €990*
Home Insurance : €180
* Lease furnished: 5% of rent incl. vat
Montlhy cash flow: €39
Monthly rent: €1 650*
Monthly charges: €332
Monthly loan: €1279
*Amount smoothed in short term rental
Nice – 3 rooms 61sq.m
Global project €337 400 I Net rental yield 4,7%
Length of the project*
7 months
Refurbishment
12 weeks
Design and decoration
10 days
Offers received within 48h**
9 offers
* from first contact to rental
** furnished 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.