−65% below market
median 1,832 €/m² for comparable properties
95,000 € 633 €/m²
Rent covers ~ 160% of the payment
~ 676 €/mo rent · pays for itself in ~ 12 yrs
Sale98,000 €2,969 €/m²
Expected rent676 € /mo
~37,500 € ABOVE MARKET
overpriced
against the median for floors of house in Varna (71 properties)
Area
33 m²
Floor
2 / 2
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment435 €20% down payment · 20 yrs · 3%
Expected rent676 €at market conditions for the neighbourhood
The rent covers 155% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This floor of House is priced about 37,500 € above the typical price (the median) for floors of house in Varna (71 properties) — 2,969 €/m² against 1,832 €/m².
With 20% down over 20 years the monthly mortgage payment is about 435 €, against an expected local rent of 676 €. The rent covers the whole payment (155%).
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.