Beanstories
A first step towards financial independence

Province or Greater Paris? A difficult choice for Elliot, who finally bet on Aubervilliers

Elliot, 27 years old

Saint-Ouen

Started
on Beanstock

December 15, 2020

Offer

January 23, 2021

Pre-contract
signature

April 12, 2021

Sales deed
signature

June 26, 2021

First rental
income

July 20, 2021

Started
on Beanstock

December 15, 2020

Offer

January 23, 2021

Pre-contract
signature

April 12, 2021

Sales deed
signature

June 26, 2021

First rental
income

July 20, 2021
The investor
  • City of residence
    Saint-Ouen
  • Housing situation
    Renter
  • Profession
    EMI Engineer
  • Investment experience
    First-time investor
The investor
  • City of residence
    Saint-Ouen
  • Housing situation
    Renter
  • Profession
    EMI Engineer
  • Investment experience
    First-time investor
The property
  • Address
    4 bis impasse Legendre
  • Surface area
    22.0 m2
  • Floor
    Ground floor
  • Purchase price
    €122,000
The project
  • Total project cost
    €144,469
  • Monthly rent
    €750
  • Down payment
    5.4%
  • Financing
    €137,750 over 20 years
At a glance
€144,469
total project cost
5.7%
net yield
€7,800
down payment
18.5x
leverage
The project
An energy markets engineer, Elliot had been thinking about buy-to-let investment for a while before meeting Beanstock. The particularly low borrowing rates and the strong profitability of certain cities were not indifferent to him. His dream: to invest in an apartment in the Province with a large area.

After several months of research, Elliot was seduced by the support of Beanstock. He therefore decided to entrust us with the realization of his first real estate investment project, with the help of Pierre.

By discussing with Elliot, Pierre understood that the latter was attracted by projects that are certainly risky, but more profitable. He therefore offered her this promising apartment in Aubervilliers, soon to be linked to Paris with the opening of a brand new metro station. A successful bet for Elliot, because the apartment was rented in a short time, and with no work required!

Beanstock quickly understood my needs to offer me an apartment that met my criteria, even if it was ultimately not in the Provinces that I found what I was looking for!

. Elliot .

Customer Beanstock

Elliot made a good bet by investing in this high-potential area. A moderate risk taking but which can pay off big with the upcoming arrival of the metro nearby. It was a pleasure to accompany Elliot on this project!

. Pierre .
The expert
Refurbishment
€3,200
Refurbishment and furnishing actual cost
€1,300
Refurbishment and furnishing actual cost
1 week
project duration
Tenant finding
€750
monthly rent
30
tenant applications
10 days
on the market

The tenant was happy to finally find a spacious apartment, furnished with care, and all within her budget.

. Celine .
Property Manager
Thanks to this investment, Elliot has already
Collected €8,250 of rents
Accumulated €15,280 equity
Saved 0 of CO2(1)
(1) thanks to energy retrofits