~39,500 € BELOW MARKET
far below market
against the median for garages/parking in Sofia (740 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Yield analysis
Fair investment rating
The rent covers 105% 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 about 39,500 € below the typical price (the median) for garages/parking in Sofia (740 properties) — 890 €/m² against 1,933 €/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 150 €, against an expected local rent of 157 €. The rent covers the whole payment (105%).
Amenities
- Automatic Door
- Water
- Access Control
- Separate Electricity Meter
- Electricity
- Lit
Details
- Category
- Commercial