−56% below market
median 1,597 €/m² for comparable properties
115,000 € 696 €/m²
Rent covers ~ 348% of the payment
~ 1,778 €/mo rent · pays for itself in ~ 5 yrs
Sale124,000 €826 €/m²
Expected rent1,778 € /mo
~115,500 € BELOW MARKET
far below market
against the median for houses in Burgas (279 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
150 m²
Floor
2 / 2
Construction
Brick
Year
1980
Yield analysis
Strong investment rating
Monthly payment550 €20% down payment · 20 yrs · 3%
Expected rent1,778 €at market conditions for the neighbourhood
The rent covers 323% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 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 115,500 € below the typical price (the median) for houses in Burgas (279 properties) — 826 €/m² against 1,597 €/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 550 €, against an expected local rent of 1,778 €. The rent covers the whole payment (323%).
Details
- Category
- Residential
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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