Sale, two bedroom apartment, 72m², Budva, Crna Gora

Description

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 calculation

Renting 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* = 5.3% 

Calculations are given for 2021-2022.