Registry number: 5-0666472/001
High-income apartments on the first line of the sea in the complex
Offered for sale are one-bedroom investment apartments on the first line of the sea, with their own descent to a private beach - a club beach in a complex with swimming pools.
The apartment is located in the tourist heart of the Bar River - Dobra Voda.
The terrace, where a lounge area is located, offers a breathtaking view of the sea,
- unique location - 1st line of the sea with its own descent to a private beach!
- children's and adult's pool
- barbecue area
- High capitalization factor
- One of the favorite areas for Europeans to relax
- Air conditioning and heated floors for a comfortable stay
- Large terrace with a lounge area
- Heated floors and air conditioning system
- Modern renovation and equipment!
- Parking
- An ideal, high-income option for vacations and seasonal rentals!
Object characteristics:
This 54 sq m apartment is located on the second floor. It boasts a contemporary style and elegant furnishings. It consists of an entrance hall, bathroom, one bedroom, living room with kitchenette, and a terrace.
- Modern household appliances, satellite TV, WI-FI.
- A modern kitchen with built-in appliances fits unobtrusively into the overall interior of the apartment.
- The bathroom is equipped with expensive plumbing fixtures and has been renovated to a high standard.
- A well-thought-out, convenient layout of all apartments, excellent technical characteristics of the building, beach terraces and swimming pools, and private parking make living here comfortable.
The unique location of the apartments – just 10 meters from the sea, with its own private beach access – offers its owners the luxury of being able to dive into the Adriatic at any time.
Income:
1. Daily rent during the season: 100 euros * 80 days = 8,000 euros
2. Off-season rent: 700 euros * 8 months = 5,600 euros
Total income for the year: 8,000 euros + 5,600 euros = 13,600 euros
Expenses:
1. Advertising (season only): 15% of €8,000 = €1,200
2. Property turnover tax: 3% of 135,000 euros = 4,050 euros
3. Annual tax: 700 euros
4. Apartment maintenance: 400 euros
Total expenses for the year: €1,200 + €4,050 + €700 + €400 = €6,350
Calculations of the financial performance indicators of apartment investments:
1. Net profit for the year: 13,600 euros (income) - 6,350 euros (expenses) = 7,250 euros
2. Contribution Margin: Rental Income (excluding fixed costs such as taxes) - Advertising Costs = €13,600 - €1,200 = €12,400
3. Capital turnover ratio: 13,600 euros (annual income) / 135,000 euros (apartment price) = 0.1007 (or 10.07%)
4. Return on Investment (ROI): €7,250 (net profit) / €135,000 (initial investment) = 0.0537 (or 5.37%)
5. Percentage of total expenses to total income: €6,350 (total expenses) / €13,600 (total income) = 0.4676 (or 46.76%)
These metrics give you an idea of how your investment is performing for you and what potential it has for future income.