Registry number: 5-0666472/001
Cozy apartment in the heart of Bar
A wonderful opportunity to live by the sea in the heart of Bar!
We present to your attention a cozy apartment of 55 m2 on the fifth floor of a modern building with an elevator.
For your convenience, there is free parking right at the entrance.
A fully furnished and technically equipped home awaits you: an entrance hall, a spacious living room with a dining area, a functional kitchen, a bedroom, a bathroom and a glazed terrace with a panoramic view of the city.
Just 350 meters from your home there is a picturesque embankment and gentle sea.
Do you like an active lifestyle? Everything is nearby: a school, a sports center, a playground, parks, a tennis court and a football field.
The amenities of city life are within walking distance: cafes, supermarkets, pharmacies and even a clinic.
The apartment is ideal for both year-round living and investment in the rental business.
Don't miss your chance to become the owner of this unique property. Your ideal home by the sea is waiting for you!
Income:
1. Daily rent during the season: 60 euros * 100 days = 6,000 euros
2. Off-season rental: 450 EUR * 7 months = 3,150 EUR
Total income for the year: 6,000 EUR + 3,150 EUR = 9,150 EUR
Expenses:
1. Advertising (season only): 15% of 6,000 EUR = 900 EUR
2. Annual tax: 350 euros
Total expenses for the year: 900 EUR + 350 EUR = 1,250 EUR
Calculations of financial performance indicators for investments in an apartment:
1. Net profit for the year: 9,150 euros (income) - 1,250 euros (expenses) = 7,900 euros
2. Marginal profit: Rental income (excluding annual tax) - advertising costs = €9,150 - €900 = €8,250
3. Capital turnover ratio: 9,150 euros (annual income) / 110,000 euros (apartment price) = 0.0832 (or 8.32%)
4. Return on Investment (ROI): €7,900 (net profit) / €110,000 (initial investment) = 0.0718 (or 7.18%)
5. Percentage of total expenses to total income: 1,250 EUR (total expenses) / 9,150 EUR (total income) = 0.1366 (or 13.66%)
These indicators allow you to evaluate the effectiveness of your investment in this apartment and its potential for generating income.