With an average occupancy rate of 65% and an average daily rent of 35 €, the projected annual income is 8,304 €.
The projected yield of 13.8%.
Notary — 1,5%.
Acquisition tax is 3,09%.
Legal services — 1.5% + 24% VAT.
According to preliminary calculations, the annual utility payments are 1,300 euros.
The cost of the management company services is 25% of the annual rental revenue.
The property is located on a quiet street Simis 18 in the center of Athens in close proximity to the Agios Nikolaos metro station. In this area there are many shops, restaurants, and cafes.
There is a bank, a park, a parking and public transport stops in a walking distance from the building.
The nearest metro station Agios Nikolaos is 350 meters away, and the Acropolis is 4.5 km away.