At market level
median 1,000 €/m² for comparable properties
33,000 € 1,000 €/m²
Rent covers ~ 82% of the payment
~ 120 €/mo rent · you top up ~ 26 €/mo
Sale36,000 €2,769 €/m²
Expected rent120 € /mo
~23,000 € ABOVE MARKET
overpriced
against the median for garages/parking in Burgas (94 properties)
Area
13 m²
Yield analysis
Fair investment rating
Monthly payment160 €20% down payment · 20 yrs · 3%
Expected rent120 €at market conditions for the neighbourhood
The rent covers 75% of the payment — you top up about 40 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 25 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 23,000 € above the typical price (the median) for garages/parking in Burgas (94 properties) — 2,769 €/m² against 1,000 €/m².
With 20% down over 20 years the monthly mortgage payment is about 160 €, against an expected local rent of 120 €. The rent covers 75% of it.
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.