Two Bedroom Apartment for Sale, 72m2, Budva
Budva, Crna Gora
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Description
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*06*/****-*** = 5.3%
Calculations are given for 2021-2022.
Basic characteristics
Content
- Reference ID: 143032
- Published: 09.06.2023
- Updated: 09.06.2023
- Real Estate Ad published by: Tradegoria
- Address: Budva
- City: Budva
- Price: 340,000€
- Square footage: 72m2
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).