median 1,600 €/m² for comparable properties
Rent covers ~ 883% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 2 yrs
~53,000 € 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.
Strong investment rating
The rent covers 924% 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.
This house is priced about 53,000 € below the typical price (the median) for houses in Burgas (280 properties) — 716 €/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.
House with a yard of 840 sq m, located in Banevo district, Ostritsa area, near Burgas and mineral baths.
The layout includes a basement with one room and a bathroom with toilet, first floor with two rooms, and a separate villa section with two rooms.
The building is brick, with no specified year of construction, and there is no information about the current condition or available amenities.
The location offers easy access to public transport and proximity to the Aqua Calide archaeological complex and university hospital.
The property is suitable for use as a family home or vacation property with potential for development according to the buyer's needs.
With 20% down over 20 years the monthly mortgage payment is about 191 €, against an expected local rent of 1,763 €. The rent covers the whole payment (924%).
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,600 €/m² for comparable properties
Rent covers ~ 883% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 2 yrs