At market level
median 2,517 €/m² for comparable properties
120,000 € 2,727 €/m²
Rent covers ~ 591% of the payment
~ 3,147 €/mo rent · pays for itself in ~ 3 yrs
Sale110,000 €2,200 €/m²
Expected rent3,147 € /mo
~16,000 € BELOW MARKET
good value
against the median for houses in Sofia (896 properties)
Area
50 m²
Land Area
310 m²
Construction
Brick
Year
1970
Yield analysis
Strong investment rating
Monthly payment488 €20% down payment · 20 yrs · 3%
Expected rent3,147 €at market conditions for the neighbourhood
The rent covers 645% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 3 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 16,000 € below the typical price (the median) for houses in Sofia (896 properties) — 2,200 €/m² against 2,517 €/m².
With 20% down over 20 years the monthly mortgage payment is about 488 €, against an expected local rent of 3,147 €. The rent covers the whole payment (645%).
Amenities
- Needs Renovation
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.