Registry number: 5-0666472/001
Apartment with 3 bedrooms in Petrovac with stunning views of the sea and Lucica beach
Apartment with 3 bedrooms in Petrovac with stunning views of the sea and Lucica beach
Main characteristics:
Object area - 103 m2
To the beach - 400 meters
Panoramic sea view
Apartment in a complex.
Swimming pool on site.
Layout: Living room with kitchen area, 3 bedrooms, 2 bathrooms, 2 terraces overlooking the sea. One terrace with glazing.
The complex is located on a hill and has panoramic views of the sea and the city of Petrovac.
High rental potential for family accommodation.
The apartment is ideal for holidays and rental.
The price has been significantly reduced to 225,000 euros.
Payment in the Russian Federation or Europe is possible.
Income:
1. Daily rental during the season: 130 euros * 90 days = 11,700 euros
2. Rent out of season: 700 euros * 8 months = 5,600 euros
Total income for the year: 11,700 euros + 5,600 euros = 17,300 euros
Expenses:
1. Advertising (only in season): 15% of 11,700 euros = 1,755 euros
2. Property turnover tax: 3% of 210,000 euros = 6,300 euros
3. Annual tax: 800 euros
4. Apartment maintenance: 400 euros
Total expenses for the year: 1,755 euros + 6,300 euros + 800 euros + 400 euros = 9,255 euros
Calculations of indicators of financial efficiency of investment in an apartment:
1. Net profit for the year: 17,300 euros (income) - 9,255 euros (expenses) = 8,045 euros
2. Marginal profit: Rental income (excluding fixed costs such as taxes) - advertising costs = 17,300 euros - 1,755 euros = 15,545 euros
3. Capital turnover ratio: 17,300 euros (annual income) / 210,000 euros (cost of apartment) = 0.0824 (or 8.24%)
4. Return on investment (ROI): 8,045 euros (net profit) / 210,000 euros (initial investment) = 0.0383 (or 3.83%)
5. Percentage of total expenses to total income: 9,255 euros (total expenses) / 17,300 euros (total income) = 0.5347 (or 53.47%)
These metrics give you an idea of how your investment is performing for you and what potential it has for future income.
Calculations are given for 2022-2023.