Second property – Apartment #2
Buying date: 25.10.2016
Selling date: 29.07.2019
Property location: Tallinn (capital of Estonia)
Purchase price: 32 000€
Notar: 212.93€
State fee: 49€
Renovation, work and furniture: 5188.1€
Total investment 37 450€.
Property #2 sold for a price 41 300€ – cost = 40738€.
Apartment sold for 40 738€.
My initial investment 3600€. In the end got back 4654€.
My profit from investing 3600€ was 1054€.
I invested a total of 3600€ with 2 of my companies and partners did the rest.
Rent revenue in a month: 285€.
My share of the rent 9.61%, which translates to 27,4€ per month.
Most of the work was done by the partners, yet we still had to hire some experts to finish the electrics and plumbing.
In the table below you can see all the costs and items needed to renovate.
| Shop name/job name | Price | Description |
| Estpak | 70 | Colors, paint rollers, wallpaper, lamp |
| Plumber | 255 | Water, sewage |
| Electrician | 55 | Electrical sockets, switches and work |
| Carpenter | 185 | Fixing the floor, 11€/m2, including oil |
| Koduaken | 635.5 | New windows |
| Luku avamine | 35 | Opening door locks |
| Estpak | 6.28 | Paint rollers |
| Estpak | 3.3 | Masonry mortar |
| Estpak | 24.66 | Colors, paint rollers |
| Estpak | 10.17 | Construction lights |
| Estpak | 20.61 | Color, paint roller, mazel, wallpaper glue |
| Hansapost | 268.89 | fridge, stove, bathroom door |
| Tellikolimine | 30 | Moving couch |
| Estpak | 8.84 | Makroflex, 2 cans |
| K-Rauta | 14.99 | Rock Wool, 1 pack (needed 2 sheets) |
| K-Rauta | 49.39 | glass mosaic, plastic hatch |
| Bauhof | 13.6 | drywall, 2 pcs (90 cm wide) |
| Estpak | 29.92 | 4 different bags of dry cement mixtures |
| Estpak | 17.26 | color, painting roller, gloves, mask |
| Electrician | 4.17 | switches, electric outlets etc |
| Estpak | 4.17 | wallpaper glue |
| Tööriistarent | 7.8 | rock cutter |
| Estpak | 13.67 | Construction paper, putty |
| K Rauta | 19.35 | wallpaper rolll, ceramic sheet 3m2, nails |
| K Rauta | 70.49 | wall glue, wall color water resistant, glass fibre wallpaper, kitchen PVC |
| Bahuof | 5.55 | golden batten |
| Bauhof | 42.58 | kitchen coanter 1m and wall PVC |
| Estpak | 38.31 | seal, moisture barrier, wall glue, putty |
| Estpak | 16.32 | Cement, Knauf |
| Estpak | 18.54 | Working gloves, putty, wall hangers, screws |
| K-Rauta | 11.69 | glass fibre wallpaper, brush, shovel |
| K Rauta | 46 | wall color, brushes, 3 pcs of tape |
| Feb | 48.5 | pipe pieces for the washing machine + silicone |
| K-Rauta | 22.69 | acrylic, batten |
| K-Rauta | 10.8 | acrylic, construction glue |
| K Rauta | 5.57 | glue, Liim, electrical items |
| K Rauta | 7.43 | ceramic sheet, 1 pack |
| K Rauta | 33.31 | kitchen plumbing, blanket, seals |
| K Rauta | 4.8 | pressure hose |
| K Rauta | 41.24 | painter’s tape, foam batten, ceiling plates, hybrid glue, ceramic plates |
| Bauhof | 11.4 | facade materials |
| Bauhof | 151.24 | corner battens, kitchen plumbing, toilet lamp, shower curtain and corner work etc |
| Worker | 180 | Work |
| Worker | 40 | Work |
| Worker | 805.5 | Work |
| Worker | 133 | Work |
| Worker | 189.66 | Materials |
| Decora | 109.22 | toilet bowl, plumbing pcs |
| K-Rauta | 4.9 | plumbing |
| K Rauta | 35.35 | Door stopper, antithief luck |
| Decora | 24.01 | Screws, toilet door details, smoke alarm |
| K-Rauta | 1.1 | Plumbing |
| Bauhaus | 4.85 | kitchen decoration |
Cost: 3896.62€
| Unpaid utilities bills | oct | 53.75 |
| Nov | 59.74 | |
| dec | 66.7 | |
| jan | ||
| Electricity | dec | 4.2 |
| jan | 1.34 | |
| Kitchen furniture | dec | 237 |
| coridor furniture | feb | 115 |
| dresser | 119 | |
| wardrobe | 189 | |
| Transport | 30 | |
| curtain | 40.9 | |
| washing machine | 319.98 | |
| doormat, rug | 8.99 | |
| coathanger, broom | 4.24 | |
| picture, rug, chair | 36.14 | |
| bowl | 5.5 |
Cost: 1362.691€
Total renovation cost: 5259.3€
Selling of the apartment #2:
| Advertisment | 110 |
| Overdue utilities bill for 7 months in 2019 | 352 |
| Notar fee | 100 |
Cost 562€
Property #2 sold for a price 41 300€ – cost = 40738€.
Apartment sold for 40 738€.
My initial investment 3600€. In the end got back 4654€.