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Exclusive one-bedroom apartment on the first line of the sea - a working business!

Location
Dobra Voda
Area
54m2
Number of bedrooms
1
meters to the sea
10
Updated on
05.09.2024
Price
165 000 €
Price per sq.m.
3056 €
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Description Calculation of profitability
One-bedroom apartment as a ready-made business in a complex on the first line of the sea!
Studio on the first line in a complex with swimming pools and a private bathing area.
Apartment area: 54 sq.m.
View: partial sea view
Year of construction: 2015
Floor: ground floor (1st floor)
Distance to the sea: 10 m
Parking: not allocated
Profitable apartments in the gated complex Your home.
The apartment is located in the second (middle building) on the 2nd 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 comfortable living and renting.
The apartment has air conditioning and heated floors.
The apartment consists of: a corridor, a kitchen area, a living room and dining area, one sleeping area, a terrace, a bathroom with a shower cabin and a tropical shower.
High-quality materials and equipment were used in 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 includes a fold-out sofa, a table, a storage area and a multimedia system.
In the bedroom there is a double bed and a wardrobe.
On the terrace: a set of garden furniture made of artificial rattan
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 period, and can also be rented out for a long term in the off-season. The property is sold with active reservations, which allows you to get to work immediately.
It is possible to purchase a pool (several apartments) in this complex.
Price: 155,000 euros
For property viewings, 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

Calculations for 2023

  1. Income during the season :

70 days * 120 EUR/day = 8,400 EUR.

  1. Income off-season :

  2. 500 EUR/month * 8 months = 4,000 EUR.

  3. Total income per year :
    8,400 euros (season) + 4,000 euros (out of season) = 12,400 euros.

  4. Advertising costs during the season :
    15% of 8,400 euros = 1,260 euros.

  5. Management company expenses :
    20% of total income (12,400 EUR) = 2,480 EUR.

  6. Property turnover tax :
    This is a one-time tax and is not taken into account in the ROI calculation.

  7. Annual expenses :
    700 EUR (tax) + 360 EUR (service) = 1,060 EUR.

  8. Total annual expenses :
    1,260 EUR (advertisement) + 1,060 EUR (annual expenses) + 2,480 EUR (management company) = 4,800 EUR.

  9. Net profit per year :
    12,400 EUR (income) - 4,800 EUR (expenses) = 7,600 EUR.

  10. ROI (return on investment) :
    ROI = (€7,600 / €155,000) * 100% ≈ 4.9%.

  11. Capital turnover ratio :
    COC = 12,400 EUR / 155,000 EUR ≈ 0.08, or approximately 8%.

  12. Expense percentage :
    Expense percentage = (4,800 EUR / 12,400 EUR) * 100% ≈ 38.71%.

The annual ROI is 4.9% , the capital turnover ratio is 8% , and the expense ratio is 38.71% .

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