−19% below market
median 1,589 €/m² for comparable properties
15,500 € 1,291 €/m²
Rent covers ~ 169% of the payment
~ 116 €/mo rent · pays for itself in ~ 11 yrs
Sale22,990 €1,768 €/m²
Expected rent116 € /mo
~2,500 € ABOVE MARKET
above market
against the median for garages/parking in Briz (26 properties)
Area
13 m²
Yield analysis
Good investment rating
Monthly payment102 €20% down payment · 20 yrs · 3%
Expected rent116 €at market conditions for the neighbourhood
The rent covers 114% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 8% · 2,000 €
- 24,990 €
- 22,990 €▼ 2,000 € (8%)
Property analysis
This garage/Parking is priced about 2,500 € above the typical price (the median) for garages/parking in Briz (26 properties) — 1,768 €/m² against 1,589 €/m².
With 20% down over 20 years the monthly mortgage payment is about 102 €, against an expected local rent of 116 €. The rent covers the whole payment (114%).
The asking price has fallen by 2,000 € (8%) since it was first listed.
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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