100% Finance Variable Tracker Rate 3.1%

Purchase Price Excluding Vat €475,000  
Stamp Duty: € 35,625  
Total Cost €510,625  
Financed by 100% Loan    
€475,000 @ Variable tracker @ 3.1% € 14,725  
Guaranteed income 3.% € 14,250  
Cost to investor € 475  
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 € 4,750  
Tax Relief on Interest Loss € 2,232  
Net loss on Interest € 2,518 € 2,518
Net Cost   €301,005
Sell after year 10 with no appreciation   €475,000
Profit on Investment   €173,945
Profit on Investment   €173,945
Sell after year 10 with projected    
annual appreciation of 2.5%   €608,040
Profit on Investment   €307,035
Source: Mortgage Masters