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Two-storey cottage 150 sq.m , situated in the ecological zone Kassandra Peninsula, Halkidiki. It is just 700 m from the sea. The cottage includes 4 bedrooms that can accommodate 7-8 guests. Each floor has a separate bathroom. Close to the city. Cottage has a fantastic view to the sea and forest.
Lot size: 900 sq.mCottage: 2-storey Area: 150 sq.m Bedrooms: 4 Distance from sea: 700 m Distance to the nearest city: 2.5 km Distance from airport: 100 km Facilities: fully furnished rooms, solar panels for water heating, air conditioner, fire place, swimming pool, parking, barbeque, sprinkler system.
Calculation of profitability (ROI)
Average net rent is ˆ150 / per day. It is usually rented out for 6 months a year with occupancy rate 80%. Total income for the season: ˆ21,000 / year Expenses: ˆ500 / per month (heating, water, electricity). Overall expenses during the rental season: ˆ3,000 Total expenses for the year: ˆ6,000 / year Yearly profit from renting the cottage out is: ˆ18,600 The asking price is ˆ280,000. ROI (Return on investment): 7% / year Income tax (personal income) will be around ˆ4,100 Note: this sample is based on a Cottage listed for sale in July 2016. The financial data used for calculations were taken from the year 2015. |