Flat in Lisbon, Portugal, 148 sq.m

Two-bedroom apartment T-3 for sale in the center of Montigou.

Montiju is a city in the Setubals district with 26.5 thousand inhabitants. The city is part of the Lisbon District and the Greater Lisbon metropolitan area. A decision has already been made to build a new airport in this city.

There are bus and river stops within walking distance from the house. (The center of Lisbon can be reached in 30-40 minutes). Nearby there is a school up to 12th grade, a municipal swimming pool, supermarkets, plenty of Parking space.

Specifications: floating floor (AC5); interior doors made of wood; PVC windows Oscilobatente Cortizo brand with double glazing and thermal; electric aluminum blinds; solar panels; for heating water individual Termosifao 300L; garage with electric charger.

There are 5 apartments : 147.95 m2 - 380000 euros; 186.05 m2- 460000 euros; 190.35 m2 - 460000 euros; 179.1 m2- 450000; 178.45 m2- 450000 euros.

Terms of purchase: down payment of 30% 114,000 euros; mortgage up to 30 years from 3.5%.

Expenses : Package "Mortgage" 8,200 euros; taxes on purchase 21,520 euros; notary fee 1,000 euros. Total: 144720 euros.

The total investment amount is 144720 euros.

Calculation of profitability: Monthly mortgage payment 1195 euros; rental 2500 euros; income tax 28% 672 euros; insurance 100 euros.

The total income per month is 533 euros, per year - 6396 euros.

The annual price increase is 10-20%, i.e. 38000-76000 euros per year.

With investments of 144,000 euros, the income is 44396- 82396 euros, the income is from 31 to 52%.

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