Residential house located in the centre of Oberhausen in a quiet area (~ 30 km from Düsseldorf Airport).
The house is in very good condition after a complete renovation.
Completed terrace with access to the courtyard. The attic and roof have been renovated and insulated. The facade has been fully insulated. Replaced the electrical wiring, water inlets and outlets. Replaced the heating. Windows have been replaced. Quality repairs have been carried out in the bathrooms (tiles, doors etc).
ROI ~6% (38 640€ / 640 000€).
Possible loan from a German bank of € 277.700
Bank rate (for non-residents) of 2.85% per annum - "strong" for 10 years! Loan is available from 2-3 to 20-30 years.
Profitability with bank leverage is ~8-9% depending on the term of the loan.
Largest companies and educational institutions in Oberhausen, whose employees and students are potential tenants: