For sale are investment apartments with 1 bedroom on the first line of the sea, with private access to a private beach - a club beach in a complex with swimming pools. The apartment is located in the tourist heart of the Bar River - Dobra Voda. The terrace, which features a lounge area, offers a breathtaking view of the sea - a unique location - first line to the sea with private access to a beach!
- Children's and adult swimming pools
- Barbecue area
- High capitalization factor - one of the favorite areas for Europeans to vacation
- Air conditioning system and underfloor heating for comfortable relaxation
- Large terrace with lounge area
- Underfloor heating and air conditioning system
- Modern renovation and appliances!
- Parking
- An ideal high-yield option for vacation and seasonal rental!
Property characteristics:
The apartment has an area of 54 m2 and is located on the second floor. This apartment stands out with its modern style and elegant furnishings. The layout of the apartment includes: hallway, bathroom, one bedroom, living room combined with kitchen, terrace.
- Modern household appliances, satellite TV, Wi-Fi.
- The modern kitchen with built-in appliances blends seamlessly into the overall interior of the apartment.
- The bathroom is equipped with expensive sanitary ware and has been renovated to a high standard.
- Well-thought-out, convenient layout of all apartments, excellent technical specifications of the building, beach terraces, and swimming pools, along with private parking, make living here comfortable.
- The unique location of the apartments - just 10 meters from the sea, with private access to the beach, offers its owners a luxurious opportunity to dive into the Adriatic at any moment.
Profitability calculation
Income:
1. Daily rental in season: 100 euros * 80 days = 8,000 euros
2. Off-season rental: 700 euros * 8 months = 5,600 euros
Total annual income: 8,000 euros + 5,600 euros = 13,600 euros
Expenses:
1. Advertising (only in season): 15% of 8,000 euros = 1,200 euros
2. Property turnover tax: 3% of 135,000 euros = 4,050 euros
3. Annual tax: 700 euros
4. Apartment maintenance: 400 euros
Total annual expenses: 1,200 euros + 4,050 euros + 700 euros + 400 euros = 6,350 euros
Calculations of financial performance indicators for the apartment investment:
1. Net profit for the year: 13,600 euros (income) - 6,350 euros (expenses) = 7,250 euros
2. Marginal profit: Rental income (excluding fixed expenses such as taxes) - advertising expenses = 13,600 euros - 1,200 euros = 12,400 euros
3. Capital turnover ratio: 13,600 euros (annual income) / 135,000 euros (apartment value) = 0.1007 (or 10.07%)
4. Return on investment (ROI): 7,250 euros (net profit) / 135,000 euros (initial investment) = 0.0537 (or 5.37%)
5. Percentage ratio of total expenses to total income: 6,350 euros (total expenses) / 13,600 euros (total income) = 0.4676 (or 46.76%)
These indicators provide insight into how your investment is working for you and its potential for further income.
