Eminescu 36
Purchase Price €65,550
Area (m²) 31 m²
Price / m² €2,114.55
1st Year ROI 5.31%
Net Annual Income €2,404.4
5-Year + Sale Avg ROI 15.65%
Key Features
01
Location Advantage
Metro Station Academia of Economics ASE
02
Nearby Amenities
Shopping District
03
Apartment Quality
High Ceilings/ Storage Areas /Separate Kitchen/ 9 SqM open air Terrace
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
- Studio
- Layout
- Open Space
- Street
- Bucharest, Eminescu 36
- City
- Bucharest
- Sector
- 1
- Year of Construction
- 1940
- Floors in Building
- 6
- Floor
- 2
- Seismic Risk Grade
- Grade 3
- Transportation Distance
- Near Metro Piata Romana/ASE
- Elevators
- 1
Size & Technical
- Usable Apartment
- 31 m²
- Constructed Apartment
- —
- Total Usable Area
- 31 m²
- Condition
- Needs Renovation
- Central Heating
- Private
- Gas
- Yes
- Electricity
- New
- Storage Areas
- Yes
- Parking
- No
Financial Case
- Purchase Price
- €65,550
- Asking Price
- €68,000
- Price per sqm
- €2,114.55
- Parking Price
- —
- VAT
- —
- Total Purchase Costs
- €65,550
- Projected Annual Appreciation
- 5%
Cash
Acquisition Costs
Total Purchase Costs€65,550
Total Closing Costs€4,453.52
Total Renovation Costs€13,032
Total Cash Investment€83,036.43
Sale / Exit
Projected Sale Price (5 Years)€105,977.86
Net Rental Income€27,090.86
Total Revenues€133,068.72
Selling Expenses-€4,906.78
Net Amount in Cash€128,161.94
Income
Total 1st Year Rent€6,300
Total 1st Year Expenses-€649
Total 1st Year Net Income€5,651
Returns
1st Year ROI6.81%
5-Year + Sale Avg ROI10.87%
Leverage
Acquisition Costs
Loan-to-Value (LTV)60%
Total Down Payment€26,220.36
Bank Financing€39,330.55
Total Closing Costs€6,051
Total Renovation Costs€13,032
Total Investment (Owner Equity)€45,304.14
Sale / Exit
Projected Sale Price (5 Years)€108,017.69
Net Rental Income€10,857.87
Total Revenues€118,875.56
Loan Payoff-€33,111.65
Selling Expenses-€5,001.22
Net Amount in Cash€80,762.69
Income
Total 1st Year Rent€6,300
Total 1st Year Expenses-€3,895.6
Total 1st Year Net Income€2,404.4
Returns
1st Year ROI5.31%
5-Year + Sale Avg ROI15.65%
Gallery
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