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Return On Investment
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₤ |
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 |
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Price of the apartment |
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75.735 |
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Value including Capital appreciation yr 1 @ 10 % |
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83.309 |
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Value including Capital appreciation yr 2 @ 10 % |
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91.639 |
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Value including Capital appreciation yr 3 @ 10 % |
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100.803 |
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Net price after increase in value in three years |
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100.803 |
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A true return on investment: |
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Retail price |
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75.735 |
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Net Price |
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60473 |
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Monthly payment |
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210.38 + legal fees |
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Value on completion |
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100.803 |
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Funds invested |
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8573 |
(7573 deposit |
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plus 1000 reservation) |
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Mortgage balance |
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55.801 |
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Equity in Property @ point of sale |
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45.002 |
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Return on Investment |
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524% |
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An alternative way of looking at it is: |
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by Investing CYP £8,573 (+ legal fees) over 3 yrs @ CYP£210.38
(+legal fees) per month will |
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turn into CYP £45,002 equity meaning you have approximately a
55% mortgage on a property |
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worth over CYP £100,000 and that’s working on only 10% increase
per year! |
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As far as we are concerned, investment opportunities simply
don’t come any better |
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than this. |
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Rental Assessment |
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Short term lettings April to November estimated rentals will be: |
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1 bed apartments: £525 per week |
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2 bed apartments: £700 per week |
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The rents in November to March will be slightly less |
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For longer term lettings of 6 -12 months estimated rentals are |
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1 bed apartments: £300 per month |
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2 bed apartments: £350 per month |
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The beauty of these properties is that they are ideal for
holiday makers, snow birds (looking to |
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spend the entire winter in the sun) and golfers alike. As such,
you have a potential 12 month |
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rental season. |
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With mortgage rates currently at under 4% you should be able to
cover your mortgage |
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payments for the entire year from just 13 weeks rental. |
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