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Existing Portfolio
Propfund has acquired it’s third portfolio for it’s Propfund 1 – Income Generating Fund.
With the equity the fund has raised to date we have acquired 3 portfolio’s totaling 140 units, bringing the total acquisitions to date to €6,750,000 with a very exciting rental yield of 9.99%
Current Portfolio Performance
- 136 apartments, 4 Commercial + 27 car spaces
- PortfolioSs purchased for €6,750,000
- Rental Occupancy 98%
- Rental Income €672,000 pa – Rental yield 9.99%
- Cash surplus pa – €143,085 (8.06% equity invested)
- PortfolioSs purchased 20% Below current market value
- Average apartment price P €48,214
Brandenburg– 73 Units
| Purchase Price: | €2,700,000 (Factor 9.31) |
| Current Rental Income: | €290,000 |
| Rental Yield: | 10.74% |
| Equity from Propfund: | €484,398 |
| Annual Profit: | €56,330 |
| Yield on Equity: | 11.63% |
| (more details) |
Mariendorfer Damm – 19 units
| Purchase Price: | €1,450,000 (Factor 10.28) |
| Current Rental Income: | €142,000 |
| Rental Yield: | 9.79% |
| Equity from Propfund: | €587,860 |
| Annual Profit: | €35,360 |
| Yield on Equity: | 6.02% |
| (more details) |
Cottbus - 48 apartments in 4 blocks
| Purchase Price: | €2,600,000 (Factor 10.83) |
| Current Rental Income: | €240,000 |
| Rental Yield: | 9.2% |
| Equity from Propfund: | €537,580 |
| Annual Profit: | €38,102 |
| Yield on Equity: | 7.09% |
| (more details) |
