Buy flat in Montenegro region in Bar city in Bar

Structure of the apartment:

The first floor of the apartment:

Corridor, living room , combined with kitchen , bedroom, bathroom, terrace with side views of the sea

The second floor of the apartment:

2 bedrooms, bathroom with shower.

The apartment is in a new house with an elevator.

It is possible to purchase a garage space at a price of 12500 euros

To the sea 100 meters

To school 300 meters

To the city center 800 meters

Calculation of profitability

Liquidity calculation:

Lease 100 euros/day. Maximum workload of 90 days per season. Yields in season 9,000. Booking expenses 15%

Yield after minus Booking 7650 euros.

Possible delivery monthly out of season for 800 euros per month for 8 months. Income per year = 6400 euros. Total for the year: 14050 euros. Costs of purchase and maintenance of 166500+800 (annual tax + tax) = 167300.

Payback period 167300 euros/1,4050 = 11.9 years. Profitability 14050*100/167300 = 8.3%

Calculations are given for 2021-2022.