−16% below market
median 1,759 €/m² for comparable properties
225,000 € 1,470 €/m²
Rent covers ~ 104% of the payment
~ 1,034 €/mo rent · pays for itself in ~ 18 yrs
Sale115,000 €2,300 €/m²
Expected rent411 € /mo
~27,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Galata (81 properties)
Area
50 m²
Floor
0 / 4
Construction
Brick
Year
2009
Yield analysis
Fair investment rating
Monthly payment510 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 81% of the payment — you top up about 99 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 23 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 27,000 € above the typical price (the median) for 2-room apartments in Galata (81 properties) — 2,300 €/m² against 1,758 €/m².
With 20% down over 20 years the monthly mortgage payment is about 510 €, against an expected local rent of 411 €. The rent covers 81% of it.
Amenities
- Elevator
- Access Control
- Gated Community
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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At market level
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