median 2,199 €/m² for comparable properties
Rent covers ~ 154% of the payment
~ 1,713 €/mo rent · pays for itself in ~ 12 yrs
~16,000 € BELOW MARKET
good value
against the median for houses in Alen Mak (107 properties)
Strong investment rating
The rent covers 241% 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.
This house is priced about 16,000 € below the typical price (the median) for houses in Alen Mak (107 properties) — 2,000 €/m² against 2,199 €/m².
House with an area of 80 sq m, located in m-t Alen mak, Varna city. The property is situated on a fenced plot of 580 sq m with a sea view.
The layout includes a spacious living room with kitchen area, two bedrooms each with its own bathroom, as well as an additional bathroom with toilet. There is a large garage and parking space for two more cars.
The construction is brick, and the house needs renovation. Active electricity and water accounts are available, and the sewage system is in front of the property.
The location is close to the Free University bus stop and about 400-500 meters from Kabakum beach, providing convenient access to the sea and nature.
The property is suitable for renovation to create a family or holiday home with good functionality and a view.
With 20% down over 20 years the monthly mortgage payment is about 710 €, against an expected local rent of 1,713 €. The rent covers the whole payment (241%).
Even light, cooler during summer
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 2,199 €/m² for comparable properties
Rent covers ~ 154% of the payment
~ 1,713 €/mo rent · pays for itself in ~ 12 yrs
median 2,199 €/m² for comparable properties
Rent covers ~ 23% of the payment
~ 1,713 €/mo rent · you top up ~ 5,608 €/mo
median 2,199 €/m² for comparable properties
Rent covers ~ 92% of the payment
~ 1,713 €/mo rent · you top up ~ 150 €/mo
median 2,199 €/m² for comparable properties
Rent covers ~ 99% of the payment
~ 1,713 €/mo rent · you top up ~ 17 €/mo
median 2,199 €/m² for comparable properties
Rent covers ~ 193% of the payment
~ 1,713 €/mo rent · pays for itself in ~ 10 yrs
median 2,199 €/m² for comparable properties
Rent covers ~ 99% of the payment
~ 1,713 €/mo rent · you top up ~ 17 €/mo
median 2,199 €/m² for comparable properties
Rent covers ~ 308% of the payment
~ 1,713 €/mo rent · pays for itself in ~ 6 yrs
median 2,199 €/m² for comparable properties
Rent covers ~ 121% of the payment
~ 1,713 €/mo rent · pays for itself in ~ 16 yrs