Registry number: 5-0666472/001
One bedroom apartment in an apartment building with a swimming pool in the Becici area, Budva.
One bedroom apartment in an apartment building with a swimming pool in the Becici area, Budva.
The area of the apartment is 55 m2.
Structure: entrance hall, living room, kitchen, bedroom, bathroom, terrace.
Communications: city water, electricity, city sewerage.
The apartment is fully furnished and equipped with the necessary equipment.
The house has an elevator that delivers directly to the main highway and back.
There is an outdoor swimming pool on the property.
There is a shop and cafe within walking distance.
Distance to Becici beach 900m.
The entire infrastructure of Budva is 4 kilometers away.
Quiet place.
The apartment has excellent year-round and seasonal rental potential.
To calculate the financial efficiency of investing in your apartment, let's consider the following parameters:
Income:
1. Seasonal rental:
- 80 euros/day * 120 days = 9,600 euros
2. Rent out of season:
- 450 euros/month * 7 months = 3,150 euros
Total income for the year:
- 9,600 euros + 3,150 euros = 12,750 euros
Expenses:
1. Advertising (only in season): - 15% of 9,600 euros = 1,440 euros
2. Annual property tax: - 400 euros
3. Property turnover tax (one-time): - 3% of 110,000 euros = 3,300 euros (not included in annual expenses)
Total expenses for the year (excluding turnover tax): EUR 1,440 (advertising) + EUR 400 (annual tax) = EUR 1,840
Financial efficiency calculations:
1. Net profit for the year:
- 12,750 euros (income) - 1,840 euros (expenses) = 10,910 euros
2. Marginal profit:
- Rental income (excluding taxes) - advertising costs = 12,750 euros - 1,440 euros = 11,310 euros
3. Capital turnover ratio:
- 12,750 euros (annual income) / 110,000 euros (cost of apartment) ≈ 0.1159 or 11.59%
4. Return on Investment (ROI):
- 10,910 euros (net profit) / 110,000 euros (initial investment) ≈ 0.0992 or 9.92%
5. Percentage of total expenses to total income:
- 1,840 euros (total expenses) / 12,750 euros (total income) ≈ 0.1443 or 14.43%
These calculations provide a general understanding of the performance of your investment and its potential for generating income.
The calculations do not take into account variable costs, such as utility costs, building maintenance, materials costs, etc., since these costs differ and depend on the object.