−46% below market
median 1,017 €/m² for comparable properties
11,000 € 550 €/m²
Rent covers ~ 246% of the payment
~ 120 €/mo rent · pays for itself in ~ 8 yrs
Sale13,000 €764 €/m²
Expected rent120 € /mo
~4,500 € BELOW MARKET
good value
against the median for garages/parking in Burgas (97 properties)
Area
17 m²
Yield analysis
Strong investment rating
Monthly payment58 €20% down payment · 20 yrs · 3%
Expected rent120 €at market conditions for the neighbourhood
The rent covers 208% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 9 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 4,500 € below the typical price (the median) for garages/parking in Burgas (97 properties) — 764 €/m² against 1,017 €/m².
With 20% down over 20 years the monthly mortgage payment is about 58 €, against an expected local rent of 120 €. The rent covers the whole payment (208%).
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.