Is this money enough to live on?

My partner and I are considering whether we should buy an apartment and whether our money will be enough.

So here's what I'm going to do, I'm going to list all of my earnings first, and then all of my expenses.

Revenue:

My net salary: 2785 euro

Rental income: 800 euro

Money that my partner controls for the monthly additional costs of the apartment: 150 euro

Our expenses:

200 euro per month for Netflix, PSN etc.

680 euro Statutory private insurance Monthly

1500 euro Monthly rate of loan for the apartment

350 euro monthly utilities

300 euro food

Save 200 euro for anything else

ps. I have no expenses for my car because it is taken over from my work and is already deducted from my salary. 1% regulation etc.

According to my bill, I would have 505 euro left.

Of course, my girlfriend also has something left over from her income. However, this money is at her disposal and should not be counted as we're not married.

Now that you know all of our expenses, my question is whether the money I save, what is left (505 euro) and the money for food is realistic.

If I made a mistake in my calculation I would be very grateful if you would point it out to me.
I also only ask for factual and serious answers to my question and not why or why we want to buy an apartment.

After deducting all costs, you have 700 euro - 200 to save, 500 for what?

The money is more than twice the life! I would only do more for food

Okay thank you for your answer, 500 euro I have now thought to go away and whatever you are right I could spend 200 of them on food.

Yes, it makes sense for two. I have what's left of it.
Why doesn't your girlfriend pay anything?

Now only i'm registered in the land register and in case of separation there are no problems with the property.

Why does your girlfriend only add 150 euro to the total cost?

You should agree on a reasonable (fictitious) rent for the housing costs, of which she pays her share including additional costs such as electricity etc.

It goes without saying that she also pays half of her living expenses.

No problems with ownership in case of separation? Do not have any illusions, she will claim her 150 euro (you can count her as rent) but you will then live in a marriage-like relationship. And then it depends on the judge (mostly on the side of the poor woman). It gets even more difficult when children come. That you get thorough and competent advice!

The whole thing would be really too tight for me.

What if you change jobs and no longer have a company car, you get sick and receive sick pay or your tenant suddenly stops paying his rent.

Then the property falls into the foreclosure.

However, I'm very concerned about security and therefore very careful.

No no, it is not entered in the land register.

That doesn't matter when it comes to dividing up assets. It does not acquire ownership of your property, but it is part of your assets.

How may I understand that?
it only has a standing order placed on me and it is not mentioned at the bank and is not entered anywhere, normally it should therefore not be entitled to anything.

I only advised you to get advice.

You write her will claim her 150, but she actually has no chance of getting what the loan is all about, she is not even entered into the bank and certainly not in the land register she has no right to estate.

Where are the payments into the ETW's maintenance reserve?
What do you do when there are major repairs that you, as the owner, have to bear proportionately?
What happens if you become incapable of work (insurance available?), Get sick (sufficient insurance coverage available?) Or you have a loss of rent and you incur costs for a legal dispute along with legal, evacuation and renovation costs?
Why does your girlfriend only pay pro rata additional costs, but no pro rata rent?

I think that everything is sewn very close to the edge and not thought through enough. It can work, but only if you don't get anything in between by the end of funding (which I think is unrealistic)