Sale

Garage in Sofia, Ovcha Kupel

SofiaOvcha Kupel
Published: 9 September 2024 Updated: 9 September 2024
Sale20,000 €1,428 €/m²
Expected rent141 € /mo

~3,500 € BELOW MARKET

good value

against the median for garages/parking in Ovcha Kupel (27 properties)

Area
14 m²

Yield analysis

Strong investment rating

8.5% / yr
Monthly payment89 €20% down payment · 20 yrs · 3%
Expected rent141 €at market conditions for the neighbourhood

The rent covers 159% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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 3,500 € below the typical price (the median) for garages/parking in Ovcha Kupel (27 properties) — 1,428 €/m² against 1,694 €/m².

With 20% down over 20 years the monthly mortgage payment is about 89 €, against an expected local rent of 141 €. The rent covers the whole payment (159%).

Source: Market statistics for garages/parking in Ovcha Kupel

Details

Category
Commercial

Location

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