+22% above market
median 1,674 €/m² for comparable properties
562,000 € 2,043 €/m²
Rent covers ~ 120% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 16 yrs
Sale435,000 €2,004 €/m²
Expected rent2,988 € /mo
~71,500 € ABOVE MARKET
above market
against the median for houses in Galata (28 properties)
Area
217 m²
Land Area
354 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment1,930 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 155% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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 71,500 € above the typical price (the median) for houses in Galata (28 properties) — 2,004 €/m² against 1,674 €/m².
With 20% down over 20 years the monthly mortgage payment is about 1,930 €, against an expected local rent of 2,988 €. The rent covers the whole payment (155%).
Details
- Category
- Residential
- Bathrooms
- 3
Location
Similar properties nearby
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median 1,674 €/m² for comparable properties
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Rent covers ~ 85% of the payment
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