At market level
median 1,238 €/m² for comparable properties
19,999 € 1,176 €/m²
Rent covers ~ 135% of the payment
~ 120 €/mo rent · pays for itself in ~ 14 yrs
Sale13,000 €764 €/m²
Expected rent120 € /mo
~8,000 € BELOW MARKET
good value
against the median for garages/parking in Hristo Smirnenski (46 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 8,000 € below the typical price (the median) for garages/parking in Hristo Smirnenski (46 properties) — 764 €/m² against 1,238 €/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%).
Source: Market statistics for garages/parking in Hristo Smirnenski
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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