−17% below market
median 2,005 €/m² for comparable properties
400,000 € 1,659 €/m²
Rent covers ~ 125% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 15 yrs
Sale450,000 €1,666 €/m²
Expected rent2,217 € /mo
~91,500 € BELOW MARKET
good value
against the median for houses in Gorna Traka (96 properties)
Area
270 m²
Land Area
600 m²
Floor
3 / 3
Construction
Brick
Year
2001
Yield analysis
Fair investment rating
Monthly payment1,997 €20% down payment · 20 yrs · 3%
Expected rent2,217 €at market conditions for the neighbourhood
The rent covers 111% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 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 91,500 € below the typical price (the median) for houses in Gorna Traka (96 properties) — 1,666 €/m² against 2,005 €/m².
With 20% down over 20 years the monthly mortgage payment is about 1,997 €, against an expected local rent of 2,217 €. The rent covers the whole payment (111%).
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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