Sale

House in Burgas, Kraimorie

BurgasKraimorie
Published: 2 January 2023 Updated: 2 January 2023
Sale195,646 €1,099 €/m²
Expected rent1,763 € /mo

~92,500 € BELOW MARKET

good value

against the median for houses in Kraimorie (15 properties)

Area
178 m²
Land Area
117 m²
Floor
2 / 2
Construction
Brick
Year
2022

Yield analysis

Strong investment rating

10.8% / yr
Monthly payment868 €20% down payment · 20 yrs · 3%
Expected rent1,763 €at market conditions for the neighbourhood

The rent covers 203% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 9 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 92,500 € below the typical price (the median) for houses in Kraimorie (15 properties) — 1,099 €/m² against 1,620 €/m².

With 20% down over 20 years the monthly mortgage payment is about 868 €, against an expected local rent of 1,763 €. The rent covers the whole payment (203%).

Source: Market statistics for houses in Kraimorie

Amenities

  • With Parking
  • Under Construction
  • Leasing
  • Internet Connection
  • Access Control
  • Renovated
  • Gated Community

Details

Category
Residential

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

Similar properties nearby

+23% above market

median 1,620 €/m² for comparable properties

320,000 € 2,000 €/m²
  • 160m²

Rent covers ~ 124% of the payment

~ 1,763 €/mo rent · pays for itself in ~ 15 yrs

+54% above market

median 1,620 €/m² for comparable properties

150,000 € 2,500 €/m²
  • 60m²
  • 0/0fl.

Rent covers ~ 265% of the payment

~ 1,763 €/mo rent · pays for itself in ~ 7 yrs

−13% below market

median 1,620 €/m² for comparable properties

389,000 € 1,414 €/m²
  • 275m²

Rent covers ~ 102% of the payment

~ 1,763 €/mo rent · pays for itself in ~ 18 yrs

At market level

median 1,620 €/m² for comparable properties

379,000 € 1,546 €/m²
  • 245m²
  • 3/3fl.

Rent covers ~ 105% of the payment

~ 1,763 €/mo rent · pays for itself in ~ 18 yrs