−10% below market
median 2,519 €/m² for comparable properties
500,000 € 2,272 €/m²
Rent covers ~ 142% of the payment
~ 3,143 €/mo rent · pays for itself in ~ 13 yrs
Sale700,000 €2,187 €/m²
Expected rent3,143 € /mo
~106,000 € BELOW MARKET
good value
against the median for houses in Sofia (890 properties)
Area
320 m²
Land Area
392 m²
Construction
Brick
Year
2009
Yield analysis
Fair investment rating
Monthly payment3,106 €20% down payment · 20 yrs · 3%
Expected rent3,143 €at market conditions for the neighbourhood
The rent covers 101% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 19 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 106,000 € below the typical price (the median) for houses in Sofia (890 properties) — 2,187 €/m² against 2,519 €/m².
With 20% down over 20 years the monthly mortgage payment is about 3,106 €, against an expected local rent of 3,143 €. The rent covers the whole payment (101%).
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.