Detached house with great garden

House price: $485,900
• Document tax (Dokumentavgift): 2.5% of the property price
• $485,900 × 2.5% = $12,147.5
• Registration fee (Tinglysingsgebyr): approximately 5,850 NOK ≈ $508.7
• Legal and broker fees: $4000

Total purchase costs:
• Document tax: $12,147.5
• Registration fee: $508.7
• Legal and broker services: approximately $4000 (average value)

Grand total: $485,900 + $12,147.5 + $508.7 + $4000 = $502,556.2

• Earnings per night: $450
• Number of rental days per year: ≈ 200

Total annual income:
• $450 × 200 days = $90,000

Operating expenses may include:
• Utilities (electricity, water, internet): approximately $4,500 per year
• Maintenance and repairs: approximately $3,500 per year
• Platform fees (e.g., Airbnb): around 3% of income
• $90,000 × 3% = $2,700

Total operating expenses:
• $4,500 + $3,500 + $2,700 = $10,700

• Taxable income: $90,000 - $10,700 = $79,300
• Tax rate on income: 22% (base rate in Norway)
• $79,300 × 22% = $17,446

Net Income After Tax
• $79,300 - $17,446 = $61,854

• Annual net income: $61,854
• Total investment costs: $502,556.2

ROI calculation:
• ($61,854 ÷ $502,556.2) × 100% ≈ 12.3%