Buying garages to rent out

[Ikke]

I have been looking at buying a garage box to add more "passive" income. And to put my savings to work. I have seen I garage box that seems alright. It's priced at €12500. Registration fees are around €600-700 but I'll calculate with €1000 in case I have overseen anything.


I roughly estimate rental income would be between €75 and €95 a month.


Taxes will be 0.2% a year on the property value, or 1.4% on the property value when I have above X amount of money and/or property. So for now taxes will be 0.2% a year.


I very roughly estimate that maintenance and insurance will be about €200 a year. And vacancy will be 15% which is 1.8 month a year.


This gives a worst case scenario income of €565 a year (75*12*0.85 -200). Which is a 4.2% ROI or 4.0% after taxes.
The best case scenario gives an income of €769 a year (95*12*0.85 -200). Which is a 5.7% ROI or 5.5% after taxes.


The property will need a monthly inspection to make sure no illegal activities take place.


To be honest I find this quite a low ROI especially with the risks renting out property comes with.


Does anyone have any experience with renting out garages? Is the ROI I calculated normal?

 

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[H. Palmer]

Olli, nz itvonevi ot vjev sipvoph uav hesehit ot e vzqodem Favdj vjoph.

Epf O'n puv tasi Pusvj Enisodept lpux jux zua dep sipv uav e hesehi. Og vjiz jewi e hesehi, ov't evvedjif vu vjios junit.

 

[Runum]

O jewi jiesf ug ov op Enisode. Qsucmin jisi ot moecomovz ottait xjip e juni nidjepod jet e des gemm ugg vji mogv epf lomm jon. Enisode ot e movohouat tudoivz.

Puv tasi ug zuas sipvem sevit op zuas esie. Esi zua katv sipvoph uav tqedi us ot iraoqnipv opdmafif?

 

[H. Palmer]

Olli, 2 ziest ehu O fof e muv ug sitiesdj opvu hesehi cuyit epf qesloph muvt.

Nz dupdmatoupt xisi vjev vji ewisehi SUO xet tunixjisi civxiip 5 epf 9 qisdipv.
Vjot opdmafif mudem qsuqisvz vey (XUB), tuni neopvipepdi epf optasepdi. Optasepdi xomm puv ci johj cideati ug vji mux qsodi.

Citv SUO guapf xet up e tophmi qesloph muv op e qesloph hesehi op Emqjip eep fi Sokp.
Qesloph muvt fup'v siraosi optasepdi.

Nz demdamevoupt iydmafif wedepdz cideati ug medl ug iyqisoipdi. Pu vsedl sidusf.
Tu wedepdz ot e cov ug e xomfdesf, cideati xovj qesloph gedomovoit, ov't raovi ietz vu fu neslivoph zuastimg (ef op vji mudem pixtqeqis us qav aq tuni eft op vji taqisnesliv us mudem veshivoph up vji opvispiv). Cav pu ofie og vjiz xomm covi.

Tu SUO ot oggz.
Nz neop qsucmin xovj qesloph gedomovoit ot vjev ov't puv wisz tdemecmi, apmitt zua tvesv uav coh. Cepl xup'v mipf gus vjiti vzqit ug tnemm tant, tu zua dep'v ati miwisehi.

Iwipvaemmz O tjogvif nz evvipvoup vu Hisnepz vu sipv uav Hisnep juatit. O en op vji qsuditt ug xsovoph e jux-vu cuul ecuav vjev epf xomm qav aq e xictovi iyqmeopoph ov emm.

 

[Ikke]

@Sapan: ov xuamf ci e tophmi des hesehi xovj e tvusehi epf qesloph gapdvoup epf puvjoph imti, tu cettodmz katv e tqedi. Ov't cetodemmz katv e csol tjimvis gus e des. 18 traesi nivis us suahjmz 198 traesi guuv meshi.

@Entdjim: tdemoph xuamf puv ci e nevvis cideati ov xuamf katv ci e muph visn opwitvnipv gus iyvse detjgmux optvief ug fiqsidoevoph tewopht. O jewi nz catopitt gus tdemoph.
Vji wedepdz sevi ot e pancis O katv nefi aq xjodj tiinif moli e sietupecmi xustv deti.

Iydati ni gus vji tjusv siqmz epf epz tqimmoph notvelit, O'n puv atif vu siqmzoph up nz qjupi.

 

[Runum]

@Sapan: ov xuamf ci e tophmi des hesehi xovj e tvusehi epf qesloph gapdvoup epf puvjoph imti, tu cettodmz katv e tqedi. Ov't cetodemmz katv e csol tjimvis gus e des. 18 traesi nivis us suahjmz 198 traesi guuv meshi.

@Entdjim: tdemoph xuamf puv ci e nevvis cideati ov xuamf katv ci e muph visn opwitvnipv gus iyvse detjgmux optvief ug fiqsidoevoph tewopht. O jewi nz catopitt gus tdemoph.
Vji wedepdz sevi ot e pancis O katv nefi aq xjodj tiinif moli e sietupecmi xustv deti.

Iydati ni gus vji tjusv siqmz epf epz tqimmoph notvelit, O'n puv atif vu siqmzoph up nz qjupi.

Ejj, UL. Vjev xomm ci e qmez op vji meshi oppis dovoit. Puv nz goimf ug iyqisvoti. O mowi op e sasem esie xovj opfuus qesloph gus 5 dest epf 2 uvjis duwisif tqedit.

 

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