Danke schön very much John:)
The rent amount I mentioned is the net rent. In German it's called the "Kaltmiete"(cold rent). In addition, the renters pay something called "nebenkosten"(additional costs), this additional cost covers all insurances, property maintenance, lawn maintenance etc. they need to pay the electricity and heating charges separately:
so total rent would be:
Net rent(Kaltmiete)+Nebenkosten(additional costs)+ electricity/heating(paid by the renter directly depending on use)
I.e 1450(net rent) + 200(addition rent or nebenkosten, which covers all maintenance)= 1650(Gross rent)
So the figures I gave you does not include insurances etc:
So the monthly payment I need to make the seller excludes maintenance etc, and hence 800€ is the amount remaining after everything is paid of. The only 2 things to be accounted for are:
1. Property management(25€/unit)
2. Vacancy(5-10%)
Do you still think it's not as good a deal?
Grüße(greetings) from germany:)