Apartment as a ready-made business in a complex on the 1st line of the sea!

Location

Dobra Voda

Area

32m²

meters to the sea

Updated on

23.10.2023

Price

95 000 €

Price per sq.m.

2969 €

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Description Profitability calculation

Apartment as a ready-made business in a complex on the 1st line of the sea!

Studio on the first line in a complex with swimming pools and a private swimming area.

Apartment area: 32 sq.m.

View: partial sea view

Floor: ground (1st floor)

Distance to sea: 10 m

Parking: not allocated

Cost-effective apartments in the gated complex Your home.

The apartment is located in the second (middle) building on the 1st floor. There is no elevator in the complex, only steps made of natural stone.

The complex has a recreational area with swimming pools, sun loungers and BBQ.

The apartment is fully equipped with everything necessary for a comfortable stay and rental.

The studio has air conditioning and heated floors.

The apartment consists of: a corridor, a kitchen area, a living and dining area, a terrace, a bathroom. unit with shower cabin and rain shower.

High-quality materials and equipment were used during the construction and furnishing of the apartment.

The kitchen area is equipped with built-in appliances (refrigerator, hob and oven), microwave oven, and all necessary utensils.

The living area has a folding sofa, table, storage area and multimedia system.

On the terrace: a set of artificial rattan garden furniture

Floor covering: tiles

Walls: white water-based paint. There is waterproofing and insulation of the walls.

The apartment is very warm in winter!

The apartment is successfully rented out in the summer, and can also be rented out for long-term rent in the off-season. The property is sold with active reservations, allowing you to get started immediately.

It is possible to purchase a pool (several apartments) in this complex.

Price: 95,000 euros

For property showings, contact Tradegoria real estate agency +382 69 211 062

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me

Income:

1. Daily rental during the season: 70 euros * 90 days = 6,300 euros

2. Rent out of season: 400 euros * 8 months = 3,200 euros
Total income for the year: 6,300 euros + 3,200 euros = 9,500 euros

Expenses:

1. Advertising (only in season): 15% of 6,300 euros = 945 euros

2. Apartment maintenance: 210 euros

3. Annual tax: 400 euros
Total expenses for the year: 945 euros + 210 euros + 400 euros = 1,555 euros

Calculations of indicators of financial efficiency of investment in an apartment:

1. Net profit for the year: 9,500 euros (income) - 1,555 euros (expenses) = 7,945 euros
2. Marginal profit: Rental income (excluding fixed costs such as taxes) - advertising costs = 9,500 euros - 945 euros = 8,555 euros
3. Capital turnover ratio: 9,500 euros (annual income) / 95,000 euros (cost of apartment) = 0.1 (or 10%)
4. Return on Investment (ROI): 7,945 euros (net profit) / 95,000 euros (initial investment) = 0.0836 (or 8.36%)
5. Percentage of total expenses to total income: 1,555 euros (total expenses) / 9,500 euros (total income) = 0.1637 (or 16.37%)
These metrics give you an idea of how your investment is performing for you and what potential it has for future income.

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me