The Investix wealth management team have created another excellent turnkey investment in Essen, a thriving metropolitan city in North Rhine Westphalia, consisting of approx. 589,000 in population. This portfolio is ideal for a buy-to-let investor seeking a solid rental income and excellent mortgage conditions. The investment package consists of a multi-family house with 16 apartments, generating a solid rental yield of 6,89%. The investment is wrapped in a tax optimised structure with excellent mortgage terms.
Key Investment Features
- 16 units
- Over €364,000 of the mortgage repaid by the rent over the next 10 years – average €36,400pa
- 80% loan to value mortgage of €950,000 with the lowest interest rate of 1.85% fixed for the next 10 years
- Good liquidity. Mortgage repayments account for 63% of the rental income.
- Non-recourse to the investor. No personal guarantees required.
- Mortgage provided by a leading German bank