Buy flat in Montenegro region in Budva city in Budva

Apartment in Budva. City - Budva

Square: 72m2

Floor: 3

Elevator: yes

Structure of the apartment: Corridor, kitchen with dining room, living room, 2 bedrooms, bathroom, toilet, terrace with sea views.

The apartment is fully oriented to the south.

Calculation of profitability

Lease 170 euros/day. Maximum workload of 90 days per season. Yield in season 15300. Booking expenses 15%

Yield after minus Booking 13005 euros.

Possible monthly delivery is not in season for 700 euros per month for 8 months. Extra income for the year = 5600 euros. Total for the year: 18605 euros.

Costs for the purchase and maintenance of 340000+10200 (one-time property turnover tax 3%)+800(annual tax+tax)+580(Up)+35.

Recovery period 351580 euros/18605=18.9 years. Profitability 17075*100/351580 = 5.3%

Calculations are given for 2021-2022.