−48% below market
median 1,600 €/m² for comparable properties
33,000 € 825 €/m²
Rent covers ~ 1204% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 2 yrs
Sale32,000 €800 €/m²
Expected rent1,763 € /mo
~32,000 € BELOW MARKET
far below market
against the median for houses in Burgas (280 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
40 m²
Land Area
500 m²
Construction
Brick
Year
2016
Yield analysis
Strong investment rating
Monthly payment142 €20% down payment · 20 yrs · 3%
Expected rent1,763 €at market conditions for the neighbourhood
The rent covers 1242% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 2 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 32,000 € below the typical price (the median) for houses in Burgas (280 properties) — 800 €/m² against 1,600 €/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 142 €, against an expected local rent of 1,763 €. The rent covers the whole payment (1242%).
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.