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Dessau Haus

Location: Dessau-Roßlau
Price: €570,000
Rental Yield: 6.5%
Mortgage included: Yes
Total Investment: €251,000
Actual ROI: 12.2%
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Huge potential - property currently well below rental index so rents can be increased.

The Investix wealth management team have created another excellent turnkey investment in Dessau-Roßlau, the third biggest city in the state of Saxony-Anhalt. Over 67% of Dessau-Roßlau residents are tenants. This portfolio is ideal for a buy-to-let investor seeking a solid rental income and excellent mortgage conditions. This corner building is ideally located in the central district of Dessau, on a quiet residential street. The property has been upgraded including installing a brand new heating system. The investment package consists of a multi-family house with 12 apartments, generating a solid rental yield of 6,5%. Investors can benefit from rental increases as the current rent is well below the rental index.

Key Investment Features

  • 12 Units
  • Non- recourse mortgage 70% LTV of €400,000
  • Fixed interest rate of 2.1% for 10 years
  • Price is €830/sqm. Well below re-instatement costs and traded prices on the market
  • Track record of rental increases in Dessau: 2011/€4,74 => 2016/€5,22 => 2017/€5,31
  • Average rent €4,50/sqm compared to the rental index of €5,31/sqm