VILLA
CELINE
Aleksandra Jovanovic, a private banker at HSBC Paris, sought to diversify her real estate portfolio with a high-end property in Morocco. She leveraged her financial expertise to optimize returns by securing a 50% mortgage over 15 years from a Moroccan bank, benefiting from the power of leverage.
The Investment
Initial Property Price: €520,000
Negotiated Price: €500,000 → €20,000 saved
SKYRT Fees (7%): €35,000 (covered by negotiation savings)
Adjusted Purchase Price: €535,000
Notary Fees (7%): €37,450
Furnishing Cost: €40,000
Total Upfront Investment: €344,950 (equity + fees + furnishing)
Property Type: 4-suite luxury villa with a private pool, 5m ceiling height, and a Japanese interior garden
Land Size: 1,000m²
Rental Income: €8,000 per month
Financial Breakdown
Loan & Financing
• Bank Financing (50%): €267,500
• Loan Terms: 15 years
• Interest Rate Before Negotiation: 5.3%
• Negotiated Interest Rate: 4.7% → €15,049 saved in interest payments
• Monthly Mortgage Payment: €2,074 (instead of €2,158, saving €84 per month)
Operating Costs
• Property Management & Concierge (20%): €1,600
• Maintenance, Utilities & Taxes: €800
• Total Monthly Expenses (Mortgage + Management + Maintenance): €4,474
Monthly Cash Flow Calculation
• Gross Rental Income: €8,000
• Total Expenses: €4,474
• Net Monthly Cash Flow: €3,526
Return on Investment (ROI)
• Annual Net Cash Flow: €42,314
• Cash-on-Cash Return (Return on Equity): 12.3%
• Total Property Yield: 17.9%
