One Bedroom Apartment for Sale, 67m2, Budva
Budva, Crna Gora
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Description
Description
Profitability calculation
Profitability minus Booking 15300 euros.
Possible rent monthly out of season for 800 euros per month for 8 months. Additional income for the year = 6400 euros. Total for the year: 21,700 euros.
Purchase and maintenance costs 260,000 + 7,800 (one-time property turnover tax 3%) + 800 (annual tax + tax) + 500 (MC) = 269,100.
Payback period 269100 euros / 21700 = 12.4 years. Profitability 21700*06*/****-*** = 8.1%
Calculations are given for 2021-2022.
Basic characteristics
- Reference ID: 143028
- Published: 09.06.2023
- Updated: 09.06.2023
- Real Estate Ad published by: Tradegoria
- Address: Budva
- City: Budva
- Price: 260,000€
- Square footage: 67m2
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).