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*100/111010 = 7.1% 

Calculations are given for 2021-2022.