Properties in prime locations often produce a slightly negative monthly cashflow when fully financed, meaning rental income does not fully cover loan repayment plus running costs. This is a trade-off investors consciously accept for stronger long-term appreciation.
Using less equity means higher loan payments and a thinner financial buffer, so vacancy, unexpected repairs, or interest rate hikes hit harder. Investors must maintain a personal liquidity reserve to absorb these shocks.
Minimising equity input maximises the return-on-equity ratio, but only up to the point where the resulting cashflow burden remains manageable. The optimal equity level is a personal calculation balancing return targets against risk tolerance.
Always reduce your projected rental income by 3% in your spreadsheet to account for periods of vacancy or non-payment, ensuring your cashflow and return figures reflect realistic rather than best-case conditions.
mindmap
root((Eigenkapital einsetzen))
Grundlagen
Eigenkapital vs Fremdkapital
Hebeleffekt Immobilien
Kaufnebenkosten Eigenkapital
Eigenkapitalrendite
Berechnung Rendite
Zahlenbeispiel ETW
100% Finanzierung
Risikofaktoren
Negativer Cashflow
Liquiditätsreserve
Zinsänderungsrisiko
Langfristige Betrachtung
Wertsteigerung Immobilie
Tilgung über Zeit
Gute Lagen bevorzugen
Fazit
Balance finden
Persönliche Risikogrenze
Rendite vs Sicherheit