Duplex apartment with 3 bedrooms in the city of Bar, Ilyino district, 100 meters from the sea. Apartment structure:
First floor of the apartment:
Corridor, living room combined with kitchen, bedroom, bathroom, terrace with side sea views
Second floor of the apartment:
2 bedrooms, bathroom with shower.
The apartment is located in a new building with an elevator.
There is an opportunity to purchase a garage space at a price of 12,500 euros
100 meters to the sea
300 meters to school
800 meters to the city center
Profitability calculationLiquidity calculation: Rent 100 euros/day. Maximum occupancy 90 days per season. Profitability during the season 9000. Booking expenses 15% Profitability minus Booking 7650 euros. Possible monthly rental out of season for 800 euros per month for 8 months. Additional income for the year = 6400 euros. Total for the year: 14,050 euros. Purchase and maintenance costs 166500+800 (annual tax + tax) = 167300. Payback period 167300 euros / 14050 = 11.9 years. Profitability 14050*100/167300 = 8.3% Calculations are given for 2021-2022.
