−70% below market
median 1,597 €/m² for comparable properties
29,900 € 474 €/m²
Rent covers ~ 1340% of the payment
~ 1,778 €/mo rent · pays for itself in ~ 1 yrs
Sale180,000 €2,250 €/m²
Expected rent1,778 € /mo
~52,000 € ABOVE MARKET
overpriced
against the median for houses in Burgas (279 properties)
Area
80 m²
Land Area
188 m²
Construction
Wooden Frame
Yield analysis
Strong investment rating
Monthly payment799 €20% down payment · 20 yrs · 3%
Expected rent1,778 €at market conditions for the neighbourhood
The rent covers 223% 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.
Property analysis
This house is priced about 52,000 € above the typical price (the median) for houses in Burgas (279 properties) — 2,250 €/m² against 1,597 €/m².
With 20% down over 20 years the monthly mortgage payment is about 799 €, against an expected local rent of 1,778 €. The rent covers the whole payment (223%).
Details
- Category
- Residential
- Bathrooms
- 1
- Furnishing
- Yes
Location
Similar properties nearby
+42% above market
median 1,597 €/m² for comparable properties
125,000 € 2,272 €/m²
Rent covers ~ 321% of the payment
~ 1,778 €/mo rent · pays for itself in ~ 6 yrs