Story No. 3 · Berlin · Single, around €140k
A 564.000 € apartment, bought on a 140.000 € salary.
A 67 m² apartment in Berlin, 100 % financed at 4,5 % fixed for ten years, with 5 % degressive depreciation and a rent that steps up every three years. The forecast, and the three scenarios we stress-tested before signing.
- Berlin67 m²
- Rent27,50 € / m²
- Financed100 %
- Interest4,5 % fixed 10 y
- Repayment1 %
- AfA5 % degressive
- Appreciation3 %
- Income growth0 %
- Own capital45.120 €
Own capital covers the purchase costs only: 6 % transfer tax, 1,5 % notary and land registry, 0,5 % financing costs. Berlin, single filing.
- Worst month before tax benefits
- −790 €
- In 2027, narrowing every year as rent rises
- After tax benefits, first full year
- +249 € / month
- The apartment carries itself from year one
- Total wealth if sold in 2036
- 265.669 €
- 5,89× own capital · 19,4 % annualized
Projection from the assumptions above. Rent steps up about 2 % every three years, the salary stays flat, the building is depreciated at 5 % degressively, and the apartment is sold after the 10-year holding period, so the gain is tax-free.
What we stress-tested
Click a column to see its charts- Total wealth at sale
- 265.669 €sold 2036
- Own capital multiple
- 5,89×19,4 % a year · 10 years
- Cashflow before tax benefits
- −80.770 €over the hold
- Cashflow after tax benefits
- +8.558 €over the hold
- Tax benefits over the hold
- +89.328 €10 years
Base case, year by year
Cashflow before tax benefits
per month · rent minus loan and costs
−80.770 €
Cashflow after tax benefits
per month · including the tax refund
+8.558 €
Tax impact
per year · income tax saved
+89.328 €
The same three charts every client sees for their own property in the Financemate scenario planner.