How have your investments in BRXS properties performed in the first quarter of 2023?
This quarter we are paying out €27,537 in rental income with an average rental return of 5% across our portfolio of properties. Below you can find all the details per property: rental income, costs and cash reserves.
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Landlust, Amsterdam
Overview Rental income
The total net income of €3,427 corresponds to an annualised return of 5.44% on your investment. So if you invested €1,000, you should receive a pay-out of €13.5 for a full quarter (€54 over an entire year).
Overview cash reserves
Cash reserves in the first quarter increased due to some money set aside to pay the municipal lease charges and city taxes.
Extra details
In January 2023, the indexation was applied to the rent and it has gone up to 2.3%. Also maintenance and property management were indexed, leading to an increased expected yield of 5.44% (compared to 5.2% last year)
Maintenance: A new dishwasher was installed for €632.
Buitenveldert, Amsterdam
Overview Rental income
The total net income of €2,196 corresponds to an annualised return of 3.72% on your investment. So if you invested €1,000, you should receive a pay-out of €9.3 for a full quarter (€37.2 over an entire year).
Overview cash reserves
Cash reserves in the first quarter increased due to unused maintenance budget and also some money set aside to pay the municipal lease charges and city taxes.
Extra details
From April 2023, rent will be increased by 4.1%
Maintenance: a repair has been done to the heating system for €266.
Wippolder, Delft
Overview Rental income
The total net income of €9,804 corresponds to an annualised return of 5.44% on your investment. So if you invested €1,000, you should receive a pay-out of €13.6 for a full quarter (€54.4 over an entire year).
Overview cash reserves
Cash reserves in the first quarter increased due to unused maintenance budget.
Extra details
No specific updates
Hillesluis, Rotterdam
Overview Rental income
The total net income of €5,691 corresponds to an annualised return of 5.2% on your investment. So if you invested €1,000, you should receive a pay-out of €13 for a full quarter (€52 over an entire year).
Overview cash reserves
Cash reserves in the first quarter increased due to unused maintenance budget.
Extra details
No specific updates
Rivierenbuurt-Noord, Den Haag
Overview Rental income
The total net return of €6,417 corresponds to an annualized rental yield of 5.15% on your investment. So if you invested €1,000, you should receive, for a full quarter, a distribution of €12.9 (€51.5 annualized).
Overview cash reserves
Since the property was recently purchased, a statement of cash reserves will be prepared for the next pay-out.
Extra details
Renovations to energy label A (paid for by the seller) were completed in January.
Note that if your total payout was less than €1, we will save your payout and add it to the next payout in early July.