+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
Sale18,000 €1,200 €/m²
Expected rent120 € /mo
~3,000 € ABOVE MARKET
overpriced
against the median for garages/parking in Burgas (94 properties)
Area
15 m²
Yield analysis
Strong investment rating
Monthly payment80 €20% down payment · 20 yrs · 3%
Expected rent120 €at market conditions for the neighbourhood
The rent covers 150% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 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 3,000 € above the typical price (the median) for garages/parking in Burgas (94 properties) — 1,200 €/m² against 1,000 €/m².
With 20% down over 20 years the monthly mortgage payment is about 80 €, against an expected local rent of 120 €. The rent covers the whole payment (150%).
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 ~ 136% of the payment
~ 120 €/mo rent · pays for itself in ~ 14 yrs