New four-story house in Uteha near the sea
House area: 195 m²
Plot size: 200 m²
Sea view
Layout: The basement floor has 2 bedrooms, a bathroom, and a corridor. The first floor features a garage of 12.7 m², which can be converted into a room, a living room of 21.82 m², a corridor, and a terrace of 5.49 m². The second floor has a large living room of 26.9 m², a bathroom, and a large viewing terrace of 13.86 m². The third floor includes a bedroom of 8 m² and a patio for relaxation of 34.12 m².
In front of the house is the plot.
The sea is 200 meters away via steps to a small cove.
The nearest restaurant is 200 meters away.
The house is perfect for summer vacations away from noise and hustle, as well as for seasonal rental.
Profitability calculation:
Rental price: 200 euros/day. Maximum occupancy: 70 days in season. Seasonal income: 14,000 euros. Booking expenses: 15%.
Income after Booking fees: 11,900 euros.
Possible monthly rental off-season for 1,000 euros per month for 8 months. Additional income for the year = 8,000 euros. Total for the year: 19,900 euros. Purchase and maintenance costs: 180,000 + 800 (annual tax + fee) = 188,000 euros.
Payback period: 188,000 euros / 19,900 = 9.4 years. Profitability: 19,900 * 100 / 188,000 = 10.6%.
Calculations are based on the years 2021-2022.
