~19,000 € BELOW MARKET
far below market
against the median for garages/parking in Varna (440 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
Strong investment rating
The rent covers 160% 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 19,000 € below the typical price (the median) for garages/parking in Varna (440 properties) — 750 €/m² against 1,532 €/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 80 €, against an expected local rent of 128 €. The rent covers the whole payment (160%).
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.