−14% below market
median 1,589 €/m² for comparable properties
15,500 € 1,291 €/m²
Rent covers ~ 164% of the payment
~ 113 €/mo rent · pays for itself in ~ 11 yrs
Sale18,000 €1,500 €/m²
Expected rent113 € /mo
AT MARKET LEVEL
fairly priced
against the median for garages/parking in Briz (26 properties)
Area
12 m²
Floor
0 / 7
Yield analysis
Good investment rating
Monthly payment80 €20% down payment · 20 yrs · 3%
Expected rent113 €at market conditions for the neighbourhood
The rent covers 141% 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 at the typical price (the median) for garages/parking in Briz (26 properties) — 1,500 €/m² against 1,589 €/m².
With 20% down over 20 years the monthly mortgage payment is about 80 €, against an expected local rent of 113 €. The rent covers the whole payment (141%).
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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