median 1,600 €/m² for comparable properties
Rent covers ~ 177% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 11 yrs
~40,000 € BELOW MARKET
good value
against the median for houses in Burgas (280 properties)
Strong investment rating
The rent covers 636% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 3 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
This house is priced about 40,000 € below the typical price (the median) for houses in Burgas (280 properties) — 976 €/m² against 1,600 €/m².
House with an area of 64 sq m, located in the district of Gorno Ezerovo, Burgas.
The layout includes an entrance hall, living room with kitchenette, bedroom, bathroom with toilet, and veranda. Additionally, there are two outbuildings with areas of 19 and 22 sq m.
The building was constructed in 1990 from brick and is situated on the ground floor. There is no information about additional amenities.
The location is close to Vasil Levski School and offers a quiet environment with a large yard of 818 sq m.
The property is suitable for family use with the possibility of further development of the yard space.
With 20% down over 20 years the monthly mortgage payment is about 277 €, against an expected local rent of 1,763 €. The rent covers the whole payment (636%).
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,600 €/m² for comparable properties
Rent covers ~ 177% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 11 yrs