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380 000 €

Flat in Venice, Italy, 145 m²
  • Flat in Venice, Italy, 145 m² - picture 1
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  • Flat in Venice, Italy, 145 m² - picture 1
  • Flat in Venice, Italy, 145 m² - picture 2
  • Flat in Venice, Italy, 145 m² - picture 3
  • Flat in Venice, Italy, 145 m² - picture 4
  • Flat in Venice, Italy, 145 m² - picture 5
  • Flat in Venice, Italy, 145 m² - picture 6
  • Flat in Venice, Italy, 145 m² - picture 7
  • Flat in Venice, Italy, 145 m² - picture 8
  • Flat in Venice, Italy, 145 m² - picture 9
  • Flat in Venice, Italy, 145 m² - picture 10
  • Flat in Venice, Italy, 145 m² - picture 11
  • Property ID on Prianproperty.com: 3928382
    Last update: 06.08.2024
    Number of views: 401

380 000 €

Flat in Venice, Italy, 145 m²

145 sq.m 4 4 4
Online Viewing Remote Transaction Rental property

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  • Property ID on Prianproperty.com: 3928382
    Last update: 06.08.2024
    Number of views: 401

Specifications

Sale price 380 000 €
Price per square meter 2 620.69 €
Floor area 145 m²
Total number of rooms 4
Number of bedrooms 4
Number of bathrooms 4
Construction phase Resale
The property can be rented out
Estimated price per month 12 000 €
Estimated price per day 480 €

Additional services

  • Property management company
  • Online viewing is available
  • Opportunity of a remote transaction

Finance

Business expenses
Not included in the price

Description

If you are looking for a turnkey business project to generate passive income, this is the offer for you:

The yield is 88,800 euros per year net (after all payments and taxes)

Investments of 380,000 for the purchase and repair of real estate. You will need to purchase furniture separately.

The payback period is only 4 years.

You are required to spend a minimum of time and money.

The company will take care of all issues related to the conversion of your real estate into profit and the organization of business processes.

The concept:

Daily rent of 4 rooms, each with its own bathroom - 120 euros per day.

Workload: 25 days per month.

Location of the property: Mestre (a suburb of Venice) - 5 min. by train to Venice. There are some guest houses nearby.

The total annual income is 144,000 euros

Costs: purchase of real estate, its repair, furnishing, commission of the management company, utility bills and tax fees.

Management company costs: 50,400 euros per year

Rent: 4800 euros per year

Net profit: 88,800 euros per year on passive income, which is 23%!

Invest once and earn income endlessly!

Write to us and get more information about the offer.

For a real buyer, a discount!


Additional features

Apartment details

  • fully furbished
  • fine finishing
  • no furniture
  • the seller helps with furnishing
Read further

Contact seller

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Cost of accomodation in Venice

Cost of accomodation in Venice
Restaurants
Cappuccino (regular) 1.73 €
Coke/Pepsi (0.33 liter bottle) 3.57 €
Domestic Beer (0.5 liter draught) 5.00 €
McMeal at McDonalds (or Equivalent Combo Meal) 10.50 €
Meal for 2 People, Mid-range Restaurant, Three-course 70.00 €
Meal, Inexpensive Restaurant 16.00 €
Water (0.33 liter bottle) 1.51 €
Imported Beer (0.33 liter bottle) 4.75 €
Markets
Apples (1kg) 2.13 €
Banana (1kg) 1.77 €
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 15.50 €
Bottle of Wine (Mid-Range) 5.50 €
Chicken Fillets (1kg) 9.50 €
Domestic Beer (0.5 liter bottle) 2.00 €
Eggs (regular) (12) 2.90 €
Lettuce (1 head) 0.80 €
Loaf of Fresh White Bread (500g) 2.64 €
Local Cheese (1kg) 13.98 €
Milk (regular), (1 liter) 1.08 €
Onion (1kg) 1.83 €
Oranges (1kg) 1.93 €
Cigarettes 20 Pack (Marlboro) 5.70 €
Potato (1kg) 1.07 €
Rice (white), (1kg) 1.75 €
Tomato (1kg) 3.90 €
Water (1.5 liter bottle) 0.35 €
Imported Beer (0.33 liter bottle) 1.10 €
Transportation
Gasoline (1 liter) 2.01 €
Monthly Pass (Regular Price) 37.00 €
One-way Ticket (Local Transport) 1.50 €
Taxi 1hour Waiting (Normal Tariff) 31.80 €
Taxi Start (Normal Tariff) 3.20 €
Taxi 1km (Normal Tariff) 1.58 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 35 000.00 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25 000.00 €
Rent Per Month
Apartment (1 bedroom) in City Centre 683.33 €
Apartment (1 bedroom) Outside of Centre 512.50 €
Apartment (3 bedrooms) in City Centre 1 812.50 €
Apartment (3 bedrooms) Outside of Centre 975.00 €
Utilities (Monthly)
Mobile Phone Monthly Plan with Calls and 10GB+ Data 14.99 €
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 287.50 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 25.83 €
Sports And Leisure
Cinema, International Release, 1 Seat 7.50 €
Fitness Club, Monthly Fee for 1 Adult 63.33 €
Tennis Court Rent (1 Hour on Weekend) 12.00 €
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 75.00 €
1 Pair of Men Leather Business Shoes 70.00 €
1 Pair of Nike Running Shoes (Mid-Range) 111.67 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 31.67 €
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 4 243.75 €
Price per Square Meter to Buy Apartment Outside of Centre 2 387.50 €
Salaries And Financing
Average Monthly Net Salary (After Tax) 1 550.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.77 %

Data on the cost of living is provided by the service Numbeo.com. Prianproperty.com can not in any way guarantee the authenticity and correctness of the data.

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