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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

Oneur Consultant
David-Alexandre Sibony

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% 95%
  • Tenant satisfaction rate 92.5% 92.5%
  • Global satisfaction rate 93.75% 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.

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