Apartment with 2 bedrooms in the Admiral building on Mediteranskaya street in Budva

Area: 72m2 Floor: 3 Elevator: yes Structure of the apartment: Corridor, kitchen with dining area, living room, 2 bedrooms, bathroom, toilet, terrace overlooking the sea. The apartment is fully oriented to the south. Furnished: fully equipped kitchen and built-in wardrobes (included in the price). Profitability calculationRenting 170 euros / day. Maximum occupancy is 90 days per season. Profitability per season 15300. Booking expenses 15% Profitability minus Booking 13005 euros. Possible monthly rent out of season for 700 euros per month for 8 months. Additional income for the year = 5600 euros. Total for the year: 18605 euros. Purchase and maintenance costs 340,000+ 10,200 (one-time property turnover tax 3%) + 800 (annual tax + tax) + 580 (MC) = 351,580. Payback period 351580 euros / 18605 = 18.9 years. Profitability 17075*100/351580 = 5.3% Calculations are given for 2021-2022.