Print
version
version
360 000 €
360 000 €
| Sale price | 360 000 € |
| Price per square meter | 6 792 € |
| Floor area | 53 sq.m |
| Floor | 3 |
| Number of storeys | 4 |
| Total number of rooms | 2 |
| Number of bedrooms | 1 |
| Number of bathrooms | 1 |
| Construction phase | Off-plan |
| Facility completion deadline | 01/2025 |
| Address | Portugal, Madeira, Funshal |
| Location | at the seaside, within the city |
| Two-room Apartment | |
A new modern complex in the heart of Madeira, the capital of Funchal:
3 minutes to the Atlantic Ocean
Modern design
The historical center and all the infrastructure around
A great investment for a cottage by the sea
Liquidity in the market
The possibility of a mortgage
The capitalization of the object is 15-25%
Deadline: end of 2024-beginning of 2025
The cost of T1 starts from 360,000 euros
Initial payment: 40%, the remaining 60% can be mortgaged at 3.5% per annum
For rent: finished, equipped kitchen with appliances, built-in cabinet furniture (warranty from the brand 5-10 years) + 1 parking space
‼️Example calculation‼️:
Apartment block J, 3rd floor, 53 sq. m.+ 7 sq. m. balcony
T1 =360,000 euros
PV= 40% or 144,000 euros
Additional costs of about 30,000 euros
Total: 179,000 euros
Mortgage: 60% or 216,000 euros
The term is 30 years from every month. The payment is about 915 euros
Rental income: 1,600 euros per month
Income tax - 448 euros (28%)
Total: 1600-915-448 = 237 euros of net income
!!! Residents have the possibility of tax deductions and a reduction in the tax base.
