100% Finance @ 10 Year Fixed 4.45%

Purchase Price Excluding Vat €475,000  
Stamp Duty: € 35,625  
Total Cost €510,625  
€475,000 @ fixed interest @ 4.45% € 21,137  
Guaranteed income 3.00% € 14,250  
Cost to investor € 6,887  
Capital Allowances @ 95% of €475,000 €451,250  
Capital Allowances Tax Saving @ 47% €212,088  
Cost after allowances €298,537 €298,537
Interest Loss over 10 years    
@ €6,887 per annum € 68,870  
Tax Relief on Interest Loss € 32,369  
Net loss on Interest € 36,501 € 36,501
Net Cost   €335,038
Sell after year 10 with no appreciation   €475,000
Profit on Investment   €139,962
Sell after year 10 with projected    
annual appreciation of 2.5%   €608,040
Profit on Investment   €273,002
Source: Mortgage Masters