Sale

House in Varna, Troshevo

VarnaTroshevo
Published: 1 November 2015 Updated: 1 November 2015
Sale76,000 €575 €/m²
Expected rent1,748 € /mo

~113,500 € BELOW MARKET

far below market

against the median for houses in Troshevo (21 properties)

A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

Area
132 m²
Land Area
165 m²
Construction
Brick
Heating
District Heating

Yield analysis

Strong investment rating

27.6% / yr
Monthly payment337 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood

The rent covers 518% 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.

Property analysis

This house is priced about 113,500 € below the typical price (the median) for houses in Troshevo (21 properties) — 575 €/m² against 1,434 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

With 20% down over 20 years the monthly mortgage payment is about 337 €, against an expected local rent of 1,748 €. The rent covers the whole payment (518%).

Source: Market statistics for houses in Troshevo

Amenities

  • With Parking
  • Internet Connection

Details

Category
Residential
Bathrooms
1
Furnishing
Yes

Location

Similar properties nearby

At market level

median 1,434 €/m² for comparable properties

149,990 € 1,388 €/m²
  • 108m²

Rent covers ~ 263% of the payment

~ 1,748 €/mo rent · pays for itself in ~ 7 yrs

At market level

median 1,434 €/m² for comparable properties

148,000 € 1,480 €/m²
  • 100m²

Rent covers ~ 266% of the payment

~ 1,748 €/mo rent · pays for itself in ~ 7 yrs

+33% above market

median 1,434 €/m² for comparable properties

105,000 € 1,909 €/m²
  • 55m²

Rent covers ~ 375% of the payment

~ 1,748 €/mo rent · pays for itself in ~ 5 yrs

At market level

median 1,434 €/m² for comparable properties

96,500 € 1,484 €/m²
  • 65m²
  • 1/1fl.

Rent covers ~ 408% of the payment

~ 1,748 €/mo rent · pays for itself in ~ 5 yrs

+33% above market

median 1,434 €/m² for comparable properties

210,000 € 1,909 €/m²
  • 110m²

Rent covers ~ 188% of the payment

~ 1,748 €/mo rent · pays for itself in ~ 10 yrs