Two Bedroom Apartment for Sale, 60m2, Dobra Voda, Budva
Dobra Voda, Budva, Crna Gora
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Description
Description
Two bedroom apartment near the sea in Dobra Voda
Apartment characteristics:
- the apartment is located on the fifth floor in a seven-story building
- the house has an elevator
- swimming pool on the roof of the house
- apartment of 60m2 with terrace
- the apartment consists of an entrance hall, a living room combined with a kitchen, two bedrooms, a bathroom, a terrace overlooking the sea
- the apartment is fully furnished and ready for year-round living
- sea view
- distance to the sea 100 meters
- parking in front of the house
- developed infrastructure
107,000 euros
Profitability calculation
Liquidity calculation:
Rent 80 euros/day. Maximum occupancy 70 days per season. Profitability in season 5600. Booking expenses 15%
Profitability minus Booking 4760 euros.
Costs of purchase and maintenance 107000+ 3210 (one-time property turnover tax upon purchase 3%) + 500 (annual tax + tourist tax) + 300 (UK) = 111010.
Rent monthly 400 euros/month 400*8 = 3200 euros
Total for the year is 7960 euros.
Payback period 111010 euros / 7960 = 13.9 years. Profitability 7960*06*/****-*** = 7.1%
Calculations are given for 2021-2022.
Basic characteristics
Content
- Reference ID: 142576
- Published: 09.06.2023
- Updated: 09.06.2023
- Real Estate Ad published by: Tradegoria
- Address: Dobra Voda
- Neighborhood: Dobra Voda
- Price: 110,000€
- Square footage: 60m2
Dobra Voda, Budva, Crna Gora
Budva is a coastal town located on the Adriatic coast. According to the latest census, it has 18,000 inhabitants. Budva with its sandy beaches, beautiful villas, luxury hotels and rich nightlife rightly bears the title of the metropolis of Montenegrin tourism. The biggest tourist attraction is Budva's Old Town surrounded by Venetian walls built in the 15th century. The architecture of the Old Town is mostly Roman style of the Venetian Republic. In the Old Town there is the Church of St. John, which dates back to the 7th century, and the Church of the Mother of God from 840. Numerous manifestations and music festivals are held in Budva - Song of the Mediterranean, Sea Dance Festival, Night of the Mediterranean, Gastro Festival, Day of the Broad, with performances by artists from around the world. The specialties of the local national cuisine are also an unavoidable experience. There are 35 beautiful sandy beaches in the municipality (eight of them have a prestigious international recognition for the quality of service - blue flag).