Investment example

Buying price	$115 000
Works	$30 000
Total	$145 000
Gross annual rent (monthly rent X12)	$15 000
Gross profitability	10,34%

Annual charges (HOA X12)	$4 308
Property tax (based on the calculation of the previous year)	$1 881
Administrative and fiscal follow-up	$1 200
Total pre-tax expenses	$7 389

Annual rent net of charges	$7 611
So in euros (exchange based on the February 2017 rate)	6 760 €*
Net profitability	5,25%

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