−50% below market
median 1,923 €/m² for comparable properties
145,000 € 966 €/m²
Rent covers ~ 271% of the payment
~ 1,746 €/mo rent · pays for itself in ~ 7 yrs
Sale98,000 €2,578 €/m²
Expected rent1,746 € /mo
~25,000 € ABOVE MARKET
overpriced
against the median for houses in Varna (1,034 properties)
Area
38 m²
Land Area
815 m²
Construction
Wooden Frame
Year
1960
Yield analysis
Strong investment rating
Monthly payment435 €20% down payment · 20 yrs · 3%
Expected rent1,746 €at market conditions for the neighbourhood
The rent covers 402% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 5 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 25,000 € above the typical price (the median) for houses in Varna (1,034 properties) — 2,578 €/m² against 1,923 €/m².
With 20% down over 20 years the monthly mortgage payment is about 435 €, against an expected local rent of 1,746 €. The rent covers the whole payment (402%).
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.