median 1,806 €/m² for comparable properties
Rent covers ~ 113% of the payment
~ 652 €/mo rent · pays for itself in ~ 17 yrs
~7,500 € BELOW MARKET
good value
against the median for 2-room apartments in Manastirski Rid (19 properties)
Strong investment rating
The rent covers 233% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 8 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
This apartment is priced about 7,500 € below the typical price (the median) for 2-room apartments in Manastirski Rid (19 properties) — 1,615 €/m² against 1,806 €/m².
Two-room apartment with an area of 39 sq m, located in m-t Manastirski rid, Varna city.
The layout follows BDS standards, ensuring functional use of the space. The property is on the first floor of a residential building.
The construction is brick, which suggests better insulation and durability, but there is no information about the year of construction or the condition of the building.
The area is quiet and has good access via an asphalt road, with amenities such as a shop and a bus stop nearby.
It is suitable both for personal use and as an investment for rental purposes, thanks to its location and functionality.
With 20% down over 20 years the monthly mortgage payment is about 280 €, against an expected local rent of 652 €. The rent covers the whole payment (233%).
Source: Market statistics for 2-room apartments in Manastirski Rid
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,806 €/m² for comparable properties
Rent covers ~ 113% of the payment
~ 652 €/mo rent · pays for itself in ~ 17 yrs
median 1,797 €/m² for comparable properties
Rent covers ~ 237% of the payment
~ 652 €/mo rent · pays for itself in ~ 8 yrs
median 1,747 €/m² for comparable properties
Rent covers ~ 129% of the payment
~ 652 €/mo rent · pays for itself in ~ 15 yrs
median 1,743 €/m² for comparable properties
Rent covers ~ 52% of the payment
~ 510 €/mo rent · you top up ~ 463 €/mo
median 1,747 €/m² for comparable properties
Rent covers ~ 67% of the payment
~ 652 €/mo rent · you top up ~ 324 €/mo
median 1,806 €/m² for comparable properties
Rent covers ~ 122% of the payment
~ 652 €/mo rent · pays for itself in ~ 15 yrs
median 1,747 €/m² for comparable properties
Rent covers ~ 58% of the payment
~ 652 €/mo rent · you top up ~ 466 €/mo
median 1,747 €/m² for comparable properties
Rent covers ~ 72% of the payment
~ 652 €/mo rent · you top up ~ 258 €/mo