−25% below market
median 1,170 €/m² for comparable properties
55,000 € 873 €/m²
Rent covers ~ 722% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 3 yrs
Sale112,000 €1,600 €/m²
Expected rent1,763 € /mo
~30,000 € ABOVE MARKET
overpriced
against the median for houses in Rudnik (13 properties)
Area
70 m²
Floor
1 / 1
Construction
Brick
Year
1980
Yield analysis
Strong investment rating
Monthly payment497 €20% down payment · 20 yrs · 3%
Expected rent1,763 €at market conditions for the neighbourhood
The rent covers 355% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 5 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 30,000 € above the typical price (the median) for houses in Rudnik (13 properties) — 1,600 €/m² against 1,170 €/m².
House with an area of 70 sq m, located in Rudnik district, Burgas. The property is one-story and includes a yard of 730 sq m.
The internal layout is basic and requires renovation, as the condition of the property calls for updating or demolition.
The construction is brick, built in 1980, which implies a need for investment to modernize the installations and rooms.
The location is in the central part of the district, close to a school, grocery store, and bus stop, providing everyday conveniences.
Suitable for family use with the possibility of reconstruction according to the needs of the new owner.
With 20% down over 20 years the monthly mortgage payment is about 497 €, against an expected local rent of 1,763 €. The rent covers the whole payment (355%).
Pros and cons
AI summaryPros
- large yard
- central location
- brick construction
Cons
- needs renovation
- ground floor
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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