Let's say the price of the apartment is 150,000 euros.
There is no real estate agent commission, only notary and property transfer tax amounting to 10,500 euros.
You don't pay a down payment, and a loan of 160,500 euros is approved.
The monthly net rent for the apartment is 650 euros (with a guarantee), and the monthly loan payment is 800 euros.
Additional expenses (insurance, maintenance reserves, building management, etc.) amount to 100 euros/month.
Approximately 100 euros/month in tax refunds.
The amount you will pay from pocket in the first 3 years is approximately 150 euros/month.
The amount you will pay from pocket from years 3 to 6 is approximately 75 euros/month (every 3 years is a rental increase period).
After the 6th year, rental income covers the loan and other expenses.
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