Registry number: 5-0666472/001
Studio apartment on the first line from the sea in the area of Shushan, Bar.
Studio apartment on the first line from the sea in the area of Shushan, Bar.
The area of the apartment is 50 m2.
Structure: entrance hall, kitchen, large living room with sleeping areas, two terraces, bathroom.
Utilities: city water, electricity, city sewerage.
Distance to the sea 100m.
Sea view.
Within walking distance there is a supermarket, school, bus stop.
Cafes and restaurants located on the seashore 100m away.
The distance to the center of Bar, where all the developed infrastructure is located, is 500 m.
Ideal for year-round living.
Also, the apartment has excellent seasonal and year-round rental potential.
Income:
1. Seasonal rental:
- From May 1 to June 15 (45 days) 50 euros/day = 2,250 euros
- From June 15 to September 1 (78 days) 70 euros/day = 5,460 euros
- From September 1 to October 1 (30 days) 60 euros/day = 1,800 euros
2. Off-season rental:
- From October 1 to December 25 (85 days) 40 euros/day = 3,400 euros
- From December 25 to January 15 (21 days) 45 euros/day = 945 euros
- From January 15 to May 1 (106 days) 40 euros/day = 4,240 euros
Total income for the year:
- 2,250 euros + 5,460 euros + 1,800 euros + 3,400 euros + 945 euros + 4,240 euros = 18,095 euros
Expenses:
1. Advertising (all year round):
- 15% of 18,095 euros = 2,714.25 euros
2. Annual property tax:
- 500 euros
Total expenses for the year:
- 2,714.25 euros (advertising) + 500 euros (tax) = 3,214.25 euros
Financial efficiency calculations:
1. Net profit for the year:
- 18,095 euros (income) - 3,214.25 euros (expenses) = 14,880.75 euros
2. Marginal profit:
- Rental income - advertising expenses = 18,095 euros - 2,714.25 euros = 15,380.75 euros
3. Capital turnover ratio:
- 18,095 EUR (annual income) / 135,000 EUR (apartment price) ≈ 0.134 or 13.4%
4. Return on Investment (ROI):
- 14,880.75 EUR (net profit) / 135,000 EUR (initial investment) ≈ 0.1102 or 11.02%
5. Percentage ratio of total expenses to total income:
- 3,214.25 EUR (total expenses) / 18,095 EUR (total income) ≈ 0.1777 or 17.77%
These metrics provide an overall view of your investment's performance and its potential to generate income.
Variable costs were not taken into account in the calculation.