Registry number: 5-0666472/001
New house in Bar with a spacious plot
New house for sale. Bar. Ilino. Ideal location. Within walking distance of the sea, promenade and city center.
The house consists of two independent floors. On the first floor, with an area of 100 sq.m., there are two bedrooms, a kitchen and a living room. The second floor consists of two apartments of 45 sq.m. every. Each apartment has a kitchen, bedroom and bathroom. Spacious terraces, city water supply, septic tank, internet.
The house is equipped with all necessary household appliances and furniture. There are mosquito nets and blinds on the windows. Heating stove and air conditioners.
The house stands on a beautiful plot of 634 sq.m. on the site there is a large utility room, consisting of two pantries, fruit trees: pomegranate, tangerine, apricot, peach, plum, pear. Growing grapes and kiwi.
An ideal house near the sea for flower lovers - there is a place to plant flowers, there is a good private parking for two, and if desired, three cars.
The documents are clean, the house is legal, ready for sale.
Renting an apartment with 2 bedrooms 80 euros / day.
2 apartments with 1 bedroom for 50 euros / day
Maximum occupancy 70 days per season. Profitability per season 12600 euros. Booking costs 15%
Profitability minus Booking 10710 euros.
Possible monthly rent out of season 1 bedroom apartment 350 euros / month = 350 * 8 months = 2800 euros ( 1 apartment for 8 months) * 2 apartments = 5600 euros
Possible monthly rent out of season for a 2-bedroom apartment 350/month = 2800 euros
Additional income for the year = 8400 euros.
Total for the year: 12400 + 14280 = 19110 euros.
Purchase and maintenance costs 275,000 + 800 (annual tax + fee) + 8,250 (one-time property turnover tax on purchase 3%) = 284,050.
Payback period 284050 euros / 19110 = 14.8 years. Profitability 19110*100/284050 = 6.7%
Calculations are given for 2021-2022.