median 1,512 €/m² for comparable properties
Rent covers ~ 159% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 12 yrs
~47,000 € ABOVE MARKET
overpriced
against the median for houses in Borovec - Yug (66 properties)
Strong investment rating
The rent covers 468% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 4 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 47,000 € above the typical price (the median) for houses in Borovec - Yug (66 properties) — 3,400 €/m² against 1,512 €/m².
The property is a plot of 719 sq m in the Borovets - south area, Varna city, with a legal villa building of 20 sq m. The layout includes a small building that requires full renovation or demolition for new construction. The construction is brick from 1980, with available utilities – electricity with an account and water from two wells and a water supply in front of the property. The location offers a sea view and a 28-metre road frontage, facilitating access and building opportunities. The property is suitable for building a house with a sea view and has potential for both personal use and investment.
With 20% down over 20 years the monthly mortgage payment is about 377 €, against an expected local rent of 1,764 €. The rent covers the whole payment (468%).
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,512 €/m² for comparable properties
Rent covers ~ 159% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 12 yrs
median 1,512 €/m² for comparable properties
Rent covers ~ 153% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 12 yrs
median 1,512 €/m² for comparable properties
Rent covers ~ 99% of the payment
~ 1,764 €/mo rent · you top up ~ 11 €/mo
median 1,512 €/m² for comparable properties
Rent covers ~ 212% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 9 yrs
median 1,512 €/m² for comparable properties
Rent covers ~ 137% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 14 yrs
median 1,512 €/m² for comparable properties
Rent covers ~ 130% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 14 yrs
median 1,512 €/m² for comparable properties
Rent covers ~ 115% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 16 yrs
median 1,512 €/m² for comparable properties
Rent covers ~ 133% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 14 yrs