One Bedroom Apartment for Sale, 54m2, Dobra Voda, Budva

Description

We offer for sale investment apartments with 1 bedroom on the first line of the sea, with its own descent to a private beach - a club beach in a complex with swimming pools.

The apartment is located in the tourist heart of the Barskaya River - Dobra Voda.

The terrace, where the lounge area is organized, offers a breathtaking view of the sea,

- unique location - 1 line of the sea with its own descent to a private beach!

- children's and adult pools

- barbecue area

- High capitalization factor - One of the favorite areas of Europeans for recreation - Air conditioning system and heated floors for a comfortable stay

- Large terrace with lounge area

- Warm floors and air conditioning system

- Modern repairs and equipment!

- Parking

- An ideal highly profitable option for vacation and rental during the season!

Object characteristics:

The apartment has an area of 54 m2 and is located on the second floor. These apartments feature a modern style with elegant furnishings. Apartment structure: entrance hall, bathroom, one bedroom, living room combined with kitchen, terrace.

- Modern household appliances, satellite TV, WI-FI.

- A modern kitchen with built-in appliances unobtrusively fits into the overall interior of the apartment.

- The bathroom has expensive sanitary equipment and high-quality repairs.

- Well-thought-out, convenient layout of all apartments, excellent technical characteristics of the building, beach terraces and swimming pools, private parking make living here comfortable.

- The unique location of the apartments - 10 meters from the sea, with its own descent to the beach, gives its owners a luxurious opportunity to plunge into the Adriatic at any time.

Profitability calculation

Income:

1. Daily rental during the season: 100 euros * 80 days = 8,000 euros

2. Rent out of season: 700 euros * 8 months = 5,600 euros Total income for the year: 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 expenses for the year: 1,200 euros + 4,050 euros + 700 euros + 400 euros = 6,350 euros

Calculations of indicators of financial efficiency of investment in an apartment:

1. Net profit for the year: 13,600 euros (income) - 6,350 euros (expenses) = 7,250 euros

2. Marginal profit: Rental income (excluding fixed costs such as taxes) - advertising costs = 13,600 euros - 1,200 euros = 12,400 euros

3. Capital turnover ratio: 13,600 euros (annual income) / 135,000 euros (cost of apartment) = 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 of total expenses to total income: 6,350 euros (total expenses) / 13,600 euros (total income) = 0.4676 (or 46.76%)

These metrics give you an idea of how your investment is performing for you and what potential it has for future income.