Cortina North Residence
Purchase Price €200,000
Area (m²) 76.5 m²
Price / m² €2,614.38
1st Year ROI 2.1%
Net Annual Income €2,773.85
5-Year + Sale Avg ROI 12.55%
Key Features
01
Location Advantage
North Bucharest
02
Nearby Amenities
Promenade Mall
03
Apartment Quality
Great for Personal Use/Airbnb
04
Building Specifications
Storage/Wellness Center/Gym /Semi Olympic Indoor Pool
Concept Choice
Equity Builder
Properties acquired at favorable pricing and supported by leveraged financing with relatively low initial cash, aiming to build wealth over time through mortgage amortization and steady capital appreciation.
Property Identification
- Property Type
- 3-rooms
- Layout
- Semi-Detached
- Street
- Voluntari, Cortina North Residence
- City
- Voluntari
- Sector
- —
- Year of Construction
- 2024
- Floors in Building
- 11
- Floor
- 7
- Seismic Risk Grade
- None
- Transportation Distance
- M1 line 7 Minutes Walking Distance
- Elevators
- 2
Size & Technical
- Usable Apartment
- 76.5 m²
- Constructed Apartment
- —
- Total Usable Area
- 76.5 m²
- Condition
- Newly Renovated
- Central Heating
- By Association
- Gas
- Yes
- Electricity
- New
- Storage Areas
- Yes
- Parking
- Yes - not included
Financial Case
- Purchase Price
- €200,000
- Asking Price
- €200,000
- Price per sqm
- €2,614.38
- Parking Price
- —
- VAT
- 21%
- Total Purchase Costs
- €242,000
- Projected Annual Appreciation
- 5%
Cash
Acquisition Costs
Total Purchase Costs€242,000
Total Closing Costs€8,023
Total Renovation Costs€8,800
Total Cash Investment€258,823
Sale / Exit
Projected Sale Price (5 Years)€330,331.02
Net Rental Income€59,954.97
Total Revenues€390,285.99
Selling Expenses-€15,294.33
Net Amount in Cash€374,991.67
Income
Total 1st Year Rent€13,800
Total 1st Year Expenses-€1,299
Total 1st Year Net Income€12,501
Returns
1st Year ROI4.83%
5-Year + Sale Avg ROI8.98%
Leverage
Acquisition Costs
Loan-to-Value (LTV)54.55%
Total Down Payment€110,000
Bank Financing€132,000
Total Closing Costs€13,094.79
Total Renovation Costs€8,800
Total Investment (Owner Equity)€131,894.79
Sale / Exit
Projected Sale Price (5 Years)€336,804.05
Net Rental Income€11,319.24
Total Revenues€348,123.29
Loan Payoff-€117,838.41
Selling Expenses-€15,594.03
Net Amount in Cash€214,690.85
Income
Total 1st Year Rent€13,800
Total 1st Year Expenses-€11,026.15
Total 1st Year Net Income€2,773.85
Returns
1st Year ROI2.1%
5-Year + Sale Avg ROI12.55%
Gallery
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