+12% above market
median 1,130 €/m² for comparable properties
38,000 € 1,266 €/m²
Rent covers ~ 304% of the payment
~ 512 €/mo rent · pays for itself in ~ 6 yrs
Sale85,000 €1,328 €/m²
Expected rent512 € /mo
~12,500 € ABOVE MARKET
above market
against the median for apartments in Balchik (339 properties)
Area
64 m²
Construction
Brick
Year
2005
Yield analysis
Good investment rating
Monthly payment377 €20% down payment · 20 yrs · 3%
Expected rent512 €at market conditions for the neighbourhood
The rent covers 136% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This apartment is priced about 12,500 € above the typical price (the median) for apartments in Balchik (339 properties) — 1,328 €/m² against 1,130 €/m².
With 20% down over 20 years the monthly mortgage payment is about 377 €, against an expected local rent of 512 €. The rent covers the whole payment (136%).
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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