getoutearly
Registered User
- Messages
- 13
I would sell Property 1 and use your share of the net proceeds to pay down your PPR mortgage. The net yield is only 3.5% - around 1.75% after tax. That’s less than the PPR mortgage rate.
Joint | Your half | |
Property value | €310k | |
Mortgage | €175k | |
Equity | €140k | €70k |
Rental profit | €11k | €5.5k |
After tax | €3k | |
Net yield after tax | 4% (€3k /€70k) |
(11/310)100. Your calculation estimates the leveraged return on equity, net of taxes.(Sarenco - how do you calculate the 3.5% net yield before tax? Have I got my figures wrong?)
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