−50% below market
median 1,933 €/m² for comparable properties
12,500 € 961 €/m²
Rent covers ~ 285% of the payment
~ 158 €/mo rent · pays for itself in ~ 7 yrs
Sale28,000 €1,120 €/m²
Expected rent158 € /mo
~20,500 € 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.
Area
25 m²
Floor
0 / 9
Yield analysis
Good investment rating
Monthly payment124 €20% down payment · 20 yrs · 3%
Expected rent158 €at market conditions for the neighbourhood
The rent covers 127% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 15 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 20,500 € below the typical price (the median) for garages/parking in Sofia (740 properties) — 1,120 €/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 124 €, against an expected local rent of 158 €. The rent covers the whole payment (127%).
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.