+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
Sale89,000 €1,253 €/m²
Expected rent512 € /mo
~9,000 € ABOVE MARKET
above market
against the median for apartments in Balchik (339 properties)
Area
71 m²
Floor
3 / 5
Construction
Brick
Year
2007
Yield analysis
Good investment rating
Monthly payment395 €20% down payment · 20 yrs · 3%
Expected rent512 €at market conditions for the neighbourhood
The rent covers 130% 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 9,000 € above the typical price (the median) for apartments in Balchik (339 properties) — 1,253 €/m² against 1,130 €/m².
With 20% down over 20 years the monthly mortgage payment is about 395 €, against an expected local rent of 512 €. The rent covers the whole payment (130%).
Amenities
- Elevator
- With Parking
- Internet Connection
- Active Business
- Video Surveillance
- Access Control
- Renovated
- Tax Credit Option
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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