Buy house in Montenegro region in Ulcinj city in Utjeha

House in Ulcin. City - Utes

New four-storey house in Utekha near the sea

The area of the house is 195 m2

Plot - 200 m2

Sea view

Planning: on the ground floor there are 2 bedrooms, bathroom, corridor. On the 1st floor there is a garage of 12.7 m2, which can be converted into a room., a living room of 21.82 m2, a corridor, a terrace of 5.49 m2. On the 2nd floor there is a large living room of 26.9 m2, a bathroom, a large terrace of 13.86 m2. On the third floor of the bedroom is 8 m2, patio for rest 34.12 m2.

In front of the house.

To the sea 200 meters on the steps to a small bay.

To the nearest restaurant 200 meters.

The house is perfect for summer holidays away from the hustle and bustle, as well as seasonal rent.

Calculation of profitability

Liquidity calculation:

Lease 200 euros/day. Maximum workload of 70 days per season. Season returns are 14,000. Booking expenses 15%

Yield after minus Booking 11900 euros.

Possible monthly delivery is not in season for 1000 euros per month for 8 months. Income per year = 8000 euros. Total for the year: 19900 euros. Costs of purchase and maintenance 180000+800 (annual tax + tax) = 188000.

Payback period 188,000 euros/19900 = 9.4 years. Profitability 19900*100/188000 = 10.6%

Calculations are given for 2021-2022.