Studio apartment on the first line from the sea in the Shushan area, Bar.
Studio apartment on the first line from the sea in the Shushan area, Bar.
Apartment area 50m2.
Structure: entrance hall, kitchen, large living room with sleeping places, two terraces, bathroom.
Communications: city water, electricity, city sewerage.
Distance to the sea 100m.
Sea view.
Within walking distance of a supermarket, school, bus stop.
Cafes, restaurants located on the seashore 100m away.
The distance to the center of Bar, where all the developed infrastructure is located, is 500m.
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. Rent out of season:
- 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 (throughout the year):
- 15% of 18,095 euros = 2,714.25 euros
2. Annual property tax:
- 500 Euro
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 costs = 18,095 euros - 2,714.25 euros = 15,380.75 euros
3. Capital turnover ratio:
- 18,095 euros (annual income) / 135,000 euros (price of the apartment) ≈ 0.134 or 13.4%
4. Return on Investment (ROI):
- 14,880.75 euros (net profit) / 135,000 euros (initial investment) ≈ 0.1102 or 11.02%
5. Percentage of total expenses to total income:
- 3,214.25 euros (total expenses) / 18,095 euros (total income) ≈ 0.1777 or 17.77%
These metrics provide an overview of your investment's performance and its potential to generate income.
Variable costs were not taken into account in the calculation.