Two bedroom apartment near the sea in Dobra Voda
Two bedroom apartment near the sea in Dobra Voda
Apartment characteristics:
- the apartment is located on the fifth floor in a seven-story building
- the house has an elevator
- swimming pool on the roof of the house
- apartment of 60m2 with terrace
- the apartment consists of an entrance hall, a living room combined with a kitchen, two bedrooms, a bathroom, a terrace overlooking the sea
- the apartment is fully furnished and ready for year-round living
- sea view
- distance to the sea 100 meters
- parking in front of the house
- developed infrastructure
107,000 euros
Liquidity calculation:
Rent 80 euros/day. Maximum occupancy 70 days per season. Profitability in season 5600. Booking expenses 15%
Profitability minus Booking 4760 euros.
Costs of purchase and maintenance 107000+ 3210 (one-time property turnover tax upon purchase 3%) + 500 (annual tax + tourist tax) + 300 (UK) = 111010.
Rent monthly 400 euros/month 400*8 = 3200 euros
Total for the year is 7960 euros.
Payback period 111010 euros / 7960 = 13.9 years. Profitability 7960*100/111010 = 7.1%
Calculations are given for 2021-2022.