For sale an apartment in Kutaisi, in Zastava in a building built 5 years ago. 🏢 Location: 6/7 📐 Area: 101 m² 🏡 Details: Euro renovation Central heating Furniture and appliances The apartment is currently rented to a European tenant. Financial analysis of the apartment with mortgage calculation: 💰 Apartment value: $105,000 🏦 Bank loan: $89,250 (85% of the apartment value) Interest rate: 12% (I took the maximum especially) Term: 15 years (the most comfortable term) Monthly payment: $1,071.15 (don’t be afraid, continue reading) 💡 Advantages of renting the apartment: Monthly rental income: $400 Income of $24,000 in 5 years, and the bank debt will reduce to $79,557. Why should you buy this apartment? ✔️ Renovation cost will show you at least $20,000 per 100 m² ✔️ Furniture and appliances – at least $20,000 ✔️ 5 years rental income – $24,000 (minimum $400 rent) In total: you will gain at least $64,000! And additionally, the annual 20% price increase of real estate and the effect of inflation. 💼 If we had done this analysis 2 years ago, today you would be 100% profitable. The property value will increase again in 2 years, the interest rates of banks may also rise even more. Now you have a chance to make a profitable decision. Don’t regret in the future.