At market level
median 1,440 €/m² for comparable properties
36,000 € 1,440 €/m²
Rent covers ~ 72% of the payment
~ 115 €/mo rent · you top up ~ 45 €/mo
Sale24,500 €1,441 €/m²
Expected rent115 € /mo
Area
17 m²
Yield analysis
Fair investment rating
Monthly payment109 €20% down payment · 20 yrs · 3%
Expected rent115 €at market conditions for the neighbourhood
The rent covers 106% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 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 13% above the typical price (the median) for comparable properties — 1,633 €/m² against 1,440 €/m².
With 20% down over 20 years the monthly mortgage payment is about 109 €, against an expected local rent of 115 €. The rent covers the whole payment (106%).
Source: Market statistics for garages/parking in Mara Dencheva
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 1,440 €/m² for comparable properties
26,000 € 1,529 €/m²
Rent covers ~ 100% of the payment
~ 115 €/mo rent · pays for itself in ~ 19 yrs
−10% below market
median 1,440 €/m² for comparable properties
22,000 € 1,294 €/m²
Rent covers ~ 118% of the payment
~ 115 €/mo rent · pays for itself in ~ 16 yrs
−18% below market
median 1,440 €/m² for comparable properties
20,000 € 1,176 €/m²
Rent covers ~ 130% of the payment
~ 115 €/mo rent · pays for itself in ~ 14 yrs