+20% above market
median 1,000 €/m² for comparable properties
18,000 € 1,200 €/m²
Rent covers ~ 147% of the payment
~ 117 €/mo rent · pays for itself in ~ 13 yrs
Sale17,500 €1,166 €/m²
Expected rent117 € /mo
~2,500 € ABOVE MARKET
above market
against the median for garages/parking in Burgas (95 properties)
Area
15 m²
Yield analysis
Strong investment rating
Monthly payment78 €20% down payment · 20 yrs · 3%
Expected rent117 €at market conditions for the neighbourhood
The rent covers 151% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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 about 2,500 € above the typical price (the median) for garages/parking in Burgas (95 properties) — 1,166 €/m² against 1,000 €/m².
With 20% down over 20 years the monthly mortgage payment is about 78 €, against an expected local rent of 117 €. The rent covers the whole payment (151%).
Amenities
- Automatic Door
- Electricity
- Lit
Details
- Category
- Commercial
Location
Similar properties nearby
At market level
median 1,000 €/m² for comparable properties
19,900 € 1,047 €/m²
Rent covers ~ 133% of the payment
~ 117 €/mo rent · pays for itself in ~ 14 yrs