My first DEAL! Or no deal ?

[Lorenzo Peeters]

Hey,

I want to do my very first investing!

I am from Belgium but I heard Portugal is the place to be! Very cheap housing prices!

A broker from Lisbon sended me this property:

T3 app 104m2 (10km from Lisbon center)

Price 127.500€

Between 1200-1800 rent price

I took 1400

Good condition, no furnitures

Loan from 345,93/ month (360 months)

I did the tax, vacancy, repair, CapEx, manager and insurance. Came a total of 727,73€

So I would make a cash flow of 326,34€

Total invest 10.000+ 30.000 down payment= 40.000€

CoCROI = 9.79%

Is this good or am I totally wrong?

Should I work together with the agent or can I make my first deal alone already?

Any tips are welcome! Glad to learn!

Greets,

Lorenzo