Property Report for Erris Circle Blanchardstown
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blanchardstown erris square Report
Investment Property - Buy and Hold
Property: Erris Circle Blanchardstown
Listed for:
225000.00
In:
Blanchardstown
Description
This property has been uploaded based on the daft listing: https://www.daft.ie/dublin/apartments-for-sale/blanchardstown/80-erris-square-blanchardstown-dublin-2542947
Notes
We still don't know if it was rented or not. Minas quite likes it, it's very close to the hospital so it's should be easy to rent. BER D2, but seems rent ready.
Address
123 Erris Circle, Blanchardstown, Dublin 15, West Co. Dublin
Deal details
Purchase & financing
- Purchase price
- 230000.00
- Downpayment
- 30.00% or 69000.00
- Interest rate
- 3.95%
- Loan term
- 25 years
- After repair value
- 232000.00
Rental estimates
- Expected monthly rent
- 1580.00
- Vacancy rate
- 8.00%
Upfront expenses
Total upfront expenses (without the deposit): 10750.00.
- Initial renovation
- 1000.00
- Furniture cost
- 2500.00
- Stamp duty
- 2250.00
- Lawyers transaction cost
- 3000.00
- Inspection
- 500.00
- Bank fees
- 1500.00
Recurring expenses
Total yearly recurring expenses: 3798.00.
- Registration for PRTB
- 90.00
- Accountant fees
- 0.00
- Local property tax
- 200.00
- Property management (letting, etc)
- 1920.00
- Service charge
- 1088.00
- Upkeep repairs
- 200.00
- Insurance
- 150.00
- Mortgage protection
- 150.00
Financial summary
Total investment
Total cash: 79750.00
Downpayment: 69000.00
Other upfront expenses: 10750.00
Financial results (Year 1)
Projected income: 17443.20
Expenses: 3798.00
Mortgage: 10144.55
Pretax cashflow: 3500.65
Pretax ROI: 9.00 %
Financial projections
Financial projections model cashflows and returns on investments (after taxes) based on
you tax situation over the years and rent and costs growth estimates.
Presented tax figures are estimates only and are based on 2020 tax laws and your actual tax due
might differ from those estimates, especially when modeling tax in future years.
Default Projection: Post tax first year financials
Cashflow: -265.44
Return on investment: 4.50%
Return on equity: 4.79%
Company Projection: Post tax first year financials
Cashflow: 1690.03
Return on investment: 6.95%
Return on equity: 7.41%
Projection: Default Projection
Projection assumptions
Data for tax estimates from year 0 to 30
Tax strategy: Individual, not-self-employed
Other yearly income: 80000.00
Future yearly growth estimates
Rent: 2.00%
Expenses: 2.00%
Appreciation: 2.00%
Financial overview (Post tax)
Year 1
Cashflow: -265.44
Return on investment:
4.50%
Total equity: 74854.33
Return on equity: 4.79%
Year 3
Cashflow: -169.51
Return on investment:
5.02%
Total equity: 92407.12
Return on equity: 4.33%
Year 5
Cashflow: -76.56
Return on investment:
5.56%
Total equity: 111009.85
Return on equity: 4.00%
Yearly Statements
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Projection: Company Projection
Projection assumptions
Data for tax estimates from year 0 to 30
Tax strategy: Company
Other yearly income: 80000.00
Future yearly growth estimates
Rent: 2.00%
Expenses: 2.00%
Appreciation: 2.00%
Financial overview (Post tax)
Year 1
Cashflow: 1690.03
Return on investment:
6.95%
Total equity: 74854.33
Return on equity: 7.41%
Year 3
Cashflow: 2022.39
Return on investment:
7.77%
Total equity: 92407.12
Return on equity: 6.70%
Year 5
Cashflow: 2364.87
Return on investment:
8.62%
Total equity: 111009.85
Return on equity: 6.20%
Yearly Statements
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