125 000 €
125 000 €
Sale price | 125 000 € |
Price per square meter | 2 551.02 € |
Floor area | 49 sq.m |
Floor | 2 |
Total number of rooms | 1 |
Address | Montenegro, Bar |
Single-room Apartment |
Urgent sale of a one-bedroom apartmen...
One bedroom apartment in a new building on the first line from the sea in the Ilino area, Bar.
Apartment area 49m2.
Structure: entrance hall, kitchen, living room, bedroom, bathroom and terrace.
Communications: electricity, city water, city sewerage.
The house has 7 floors.
The apartment is on the 2nd floor.
Gorgeous sea view.
Distance to the sea 100m.
Within walking distance of a supermarket, school, bus stop.
Cafes, restaurants 100m away.
The entire developed infrastructure of Bar is 500m away.
Ideal for year-round living.
Also, the apartment has excellent seasonal and year-round rental potential.
Profitability calculationCalculations are provided taking into account the purchase of an apartment for 125,000 euros + 5,000 euros (purchase of furniture). Total initial investment - 130,000 euros. Calculations are given for daily rentals with a flexible pricing system and accounting for prices in high season and off-season. Rental price data was provided by our real estate agency for a similar property in an identical location, which is under our management and rented out by our company.
Income:
1. From May 1 to June 15 (15 days) = 50 euros/day * 15 days = 750 euros
2. From June 15 to September 1 (78 days) = 80 euros/day * 78 days = 6,240 euros
3. From September 1 to October 1 (30 days) = 60 euros/day * 30 days = 1,800 euros
4. From October 1 to December 25 (85 days) = 45 euros/day * 85 days = 3.825 euros
5. From December 25 to January 15 (21 days) = 50 euros/day * 21 days = 1,050 euros
6. From January 15 to May 1 (106 days) = 40 euros/day * 106 days = 4,240 euros
Total income for the year: 750 + 6,240 + 1,800 + 3,825 + 1,050 + 4,240 = 17,905 euros
Expenses:
1. Advertising: 15% of 17,905 euros = 2,685.75 euros
2. Annual tax: 500 euros
3. Property turnover tax: 3% of 130,000 euros = 3,900 euros (one-time, not annually)
Total expenses for the year: 2,685.75 + 500 = 3,185.75 euros (not including property turnover tax)
Calculations of indicators of financial efficiency of investment in an apartment:
1. Gross profit for the year: 17,905 euros (income) - 3,185.75 euros (expenses) = 14,719.25 euros
2. Marginal profit: 17,905 euros (revenue) - 2,685.75 euros (advertising) = 15,219.25 euros
3. Capital turnover ratio: 17,905 euros (annual income) / 130,000 euros (cost of apartment) = 0.1377 (or 13.77%)
4. Return on Investment (ROI): 14,719.25 euros (net profit) / 130,000 euros (initial investment) = 0.1132 (or 11.32%)
5. Percentage of total expenses to total income: 3,185.75 euros (total expenses) / 17,905 euros (total income) = 0.1779 (or 17.79%)
These metrics give you an idea of how your investment is performing for you and what potential it has for future income.