−20% below market
median 1,238 €/m² for comparable properties
20,800 € 990 €/m²
Rent covers ~ 124% of the payment
~ 114 €/mo rent · pays for itself in ~ 15 yrs
Sale12,500 €625 €/m²
Expected rent114 € /mo
~12,500 € BELOW MARKET
far below market
against the median for garages/parking in Shumen (65 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
20 m²
Yield analysis
Strong investment rating
Monthly payment55 €20% down payment · 20 yrs · 3%
Expected rent114 €at market conditions for the neighbourhood
The rent covers 206% 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 12,500 € below the typical price (the median) for garages/parking in Shumen (65 properties) — 625 €/m² against 1,238 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
With 20% down over 20 years the monthly mortgage payment is about 55 €, against an expected local rent of 114 €. The rent covers the whole payment (206%).
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.