+14% above market
median 2,050 €/m² for comparable properties
600,000 € 2,334 €/m²
Rent covers ~ 118% of the payment
~ 3,139 €/mo rent · pays for itself in ~ 16 yrs
Sale295,000 €1,843 €/m²
Expected rent3,139 € /mo
~33,000 € BELOW MARKET
good value
against the median for houses in Obelya (8 properties)
Area
160 m²
Land Area
739 m²
Construction
Brick
Year
1960
Yield analysis
Strong investment rating
Monthly payment1,309 €20% down payment · 20 yrs · 3%
Expected rent3,139 €at market conditions for the neighbourhood
The rent covers 240% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 8 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 33,000 € below the typical price (the median) for houses in Obelya (8 properties) — 1,843 €/m² against 2,050 €/m².
With 20% down over 20 years the monthly mortgage payment is about 1,309 €, against an expected local rent of 3,139 €. The rent covers the whole payment (240%).
Amenities
- Video Surveillance
- Needs Renovation
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
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At market level
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median 2,050 €/m² for comparable properties
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Rent covers ~ 240% of the payment
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+27% above market
median 2,050 €/m² for comparable properties
799,800 € 2,596 €/m²
Rent covers ~ 88% of the payment
~ 3,139 €/mo rent · you top up ~ 410 €/mo