~12,000 € BELOW MARKET
good value
against the median for garages/parking in Varna (440 properties)
Yield analysis
Good investment rating
The rent covers 144% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 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 12,000 € below the typical price (the median) for garages/parking in Varna (440 properties) — 961 €/m² against 1,536 €/m².
With 20% down over 20 years the monthly mortgage payment is about 90 €, against an expected local rent of 129 €. The rent covers the whole payment (144%).
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.