Sale

Garage in Pleven, Idealen Centyr

PlevenIdealen Centyr
Published: 2 August 2024 Updated: 2 August 2024
Sale19,000 €1,187 €/m²
Expected rent117 € /mo

~6,000 € BELOW MARKET

good value

against the median for garages/parking in Idealen Centyr (40 properties)

Area
16 m²

Yield analysis

Good investment rating

7.4% / yr
Monthly payment84 €20% down payment · 20 yrs · 3%
Expected rent117 €at market conditions for the neighbourhood

The rent covers 139% 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 about 6,000 € below the typical price (the median) for garages/parking in Idealen Centyr (40 properties) — 1,187 €/m² against 1,553 €/m².

With 20% down over 20 years the monthly mortgage payment is about 84 €, against an expected local rent of 117 €. The rent covers the whole payment (139%).

Source: Market statistics for garages/parking in Idealen Centyr

Details

Category
Commercial

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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