+17% above market
median 1,000 €/m² for comparable properties
17,500 € 1,166 €/m²
Rent covers ~ 155% of the payment
~ 120 €/mo rent · pays for itself in ~ 12 yrs
Sale19,900 €1,047 €/m²
Expected rent120 € /mo
AT MARKET LEVEL
fairly priced
against the median for garages/parking in Burgas (95 properties)
Area
19 m²
Yield analysis
Good investment rating
Monthly payment88 €20% down payment · 20 yrs · 3%
Expected rent120 €at market conditions for the neighbourhood
The rent covers 136% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This garage/Parking is priced at the typical price (the median) for garages/parking in Burgas (95 properties) — 1,047 €/m² against 1,000 €/m².
With 20% down over 20 years the monthly mortgage payment is about 88 €, against an expected local rent of 120 €. The rent covers the whole payment (136%).
Amenities
- Automatic Door
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
+20% above market
median 1,000 €/m² for comparable properties
18,000 € 1,200 €/m²
Rent covers ~ 150% of the payment
~ 120 €/mo rent · pays for itself in ~ 13 yrs