−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
Sale277,000 €3,077 €/m²
Expected rent1,477 € /mo
~157,000 € ABOVE MARKET
overpriced
against the median for houses in Balchik (327 properties)
Area
90 m²
Land Area
250 m²
Construction
Brick
Year
2010
Yield analysis
Good investment rating
Monthly payment1,229 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 120% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 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 157,000 € above the typical price (the median) for houses in Balchik (327 properties) — 3,077 €/m² against 1,336 €/m².
With 20% down over 20 years the monthly mortgage payment is about 1,229 €, against an expected local rent of 1,477 €. The rent covers the whole payment (120%).
Amenities
- With Parking
- Internet Connection
- Active Business
- Video Surveillance
- Access Control
- Renovated
- Tax Credit Option
Details
- Category
- Residential
- 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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