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110 000 €
110 000 €
| Sale price | 110 000 € |
| Price per square meter | 2 000 € |
| Floor area | 55 sq.m |
| Floor | 5 |
| Total number of rooms | 1 |
| Address | Montenegro, Bar |
| Single-room Apartment | |
Cozy apartment in the heart of Bar
A great 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.
Fully furnished and technically equipped housing awaits you: an entrance hall, a spacious living room with a dining room, a functional kitchen, a bedroom, a bathroom and a glazed terrace with panoramic views of the city.
Just 350 meters from your home there is a picturesque embankment and a 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 conveniences 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 a rental business.
Don't miss the chance to become the owner of this unique property. Your ideal home by the sea is waiting for you!
Profitability calculationIncome:
1. Daily rental during the season: 60 euros * 100 days = 6,000 euros
2. Rent out of season: 450 euros * 7 months = 3,150 euros
Total income for the year: 6,000 euros + 3,150 euros = 9,150 euros
Expenses:
1. Advertising (only in season): 15% of 6,000 euros = 900 euros
2. Annual tax: 350 euros
Total expenses for the year: 900 euros + 350 euros = 1,250 euros
Calculations of indicators of financial efficiency of investment 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 euros - 900 euros = 8,250 euros
3. Capital turnover ratio: 9,150 euros (annual income) / 110,000 euros (cost of apartment) = 0.0832 (or 8.32%)
4. Return on Investment (ROI): 7,900 euros (net profit) / 110,000 euros (initial investment) = 0.0718 (or 7.18%)
5. Percentage of total expenses to total income: 1,250 euros (total expenses) / 9,150 euros (total income) = 0.1366 (or 13.66%)
These indicators allow you to evaluate the effectiveness of your investment in a given apartment and its potential for generating income.
