Registry number: 5-0666472/001
Investment apartments on the 1st line of the sea in the complex
The apartment is located in the tourist heart of the Bar River - Dobra Voda.
The terrace, where a lounge area is organized, offers a breathtaking view of the sea,
- unique location - 1st line of the sea with its own descent to the beach!
- children's and adult's pool
- Profitability 8%
- Payback period is 8 years!
- High capitalization factor
- One of the favorite areas for recreation among Europeans
- Air conditioning and heated floors for a comfortable stay
- Large terrace with lounge area
- Heated floors and air conditioning system
- Modern repairs and equipment!
- Parking
- An ideal high-income option for holidays and seasonal rental!
Object characteristics:
The apartment of 43 m2 is located on the second floor. This apartment stands out for its modern style with elegant furnishings. The structure of the apartment: hallway, bathroom, one bedroom, living room combined with kitchen, terrace.
- Modern household appliances, satellite TV, WI-FI.
- A modern kitchen with built-in appliances fits unobtrusively into the overall interior of the apartment.
- The bathroom has expensive plumbing fixtures and high-quality repairs.
- Well-thought-out, convenient layout of all apartments, excellent technical characteristics of the building, beach terraces and swimming pools, private parking make living here comfortable.
- The unique location of the apartments - 10 meters from the sea, with its own descent to the beach gives its owners a luxurious opportunity to plunge into the Adriatic at any time.
The price of the apartment is 115,000 euros.
Income:
1. Daily rent during the season: 100 euros * 80 days = 8,000 euros
2. Off-season rental: 700 EUR * 8 months = 5,600 EUR
Total income for the year: 8,000 EUR + 5,600 EUR = 13,600 EUR
Expenses:
1. Advertising (season only): 15% of 8,000 EUR = 1,200 EUR
2. Property turnover tax: 3% of 115,000 euros = 3,450 euros
3. Annual tax: 700 euros
4. Apartment maintenance: 360 euros
Total expenses for the year: €1,200 + €3,450 + €700 + €360 = €5,710
Calculations of financial performance indicators for investments in an apartment:
1. Net profit for the year: 13,600 euros (income) - 5,710 euros (expenses) = 7,890 euros
2. Marginal contribution: Rental income (excluding fixed costs such as taxes) - advertising costs = €13,600 - €1,200 = €12,400
3. Capital turnover ratio: 13,600 euros (annual income) / 115,000 euros (apartment price) = 0.1183 (or 11.83%)
4. Return on Investment (ROI): €7,890 (net profit) / €115,000 (initial investment) = 0.0687 (or 6.87%)
5. Percentage of total expenses to total income: 5,710 EUR (total expenses) / 13,600 EUR (total income) = 0.4199 (or 41.99%)
These metrics give you an idea of how your investment is working for you and what potential it has for future income.
Calculations are given for 2022-2023.