−55% below market
median 1,333 €/m² for comparable properties
60,000 € 1,132 €/m²
Rent covers ~ 555% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 3 yrs
Sale104,000 €611 €/m²
Expected rent1,477 € /mo
~123,000 € BELOW MARKET
far below market
against the median for houses in Balchik (327 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
170 m²
Construction
Brick
Year
1950
Yield analysis
Strong investment rating
Monthly payment461 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 320% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This house is priced about 123,000 € below the typical price (the median) for houses in Balchik (327 properties) — 611 €/m² against 1,336 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
With 20% down over 20 years the monthly mortgage payment is about 461 €, against an expected local rent of 1,477 €. The rent covers the whole payment (320%).
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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