135 000 €
135 000 €
Sale price | 135 000 € |
Price per square meter | 2 700 € |
Floor area | 50 sq.m |
Address | Montenegro, Bar |
Studio apartment on the first line fr...
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.
Profitability calculationIncome:
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.