House 195 м² in Utjeha, Montenegro

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.

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.