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House for sale in Mullenbach, Germany
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House for sale in Mullenbach, Germany

50 000€

56761 Müllenbach

Investment Breakdown

Gross Yield:

7.2%

Time to pay off with rent:

11.6 years

Price Difference:

-20000%

Expected Rent:

360€/month

Property description

This property is a two-story single-family house with a basement, built before 1940, featuring a total living area of 86.8 square meters. The layout includes a basement with storage rooms, an entrance hall, a bathroom, a kitchen, and a living room on the ground floor. The upper floor comprises a hallway and three rooms. Heating is provided by electric night storage heaters, although one room on the upper floor lacks heating. Hot water is generated using an electric on-demand water heater. Noteworthy is that both the living room and one room on the upper level are considered to be enclosed spaces. The basement is accessible only from the outside. This property is currently being auctioned at the local district court, with a market value of 50,000 euros. Potential buyers may find an opportunity here, with the possibility of securing a 30% reduction on the market value, bringing the final purchase price down to 35,000 euros. There are no additional notary fees or brokerage commissions to consider, making this offering all the more appealing.

Location

56761 Müllenbach

Date added: 19.12.2024

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