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Home » Propfund 2- Income Fund » Existing Portfolio

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)