Profitability of 6.95% for this furnished studio of 16m² rented for €600 at 2 rue Paul Bounin

This furnished 16m2 studio on the 1st floor, not overlooked, is rented for €600/month to a person under guardianship – payment of the rent is therefore ensured by the guardianship, which is required to consider the rent as a priority.
The apartment benefits from a clear view of Place St Maurice / Alexandre Médecin
It is located 3 minutes from the Nice Nord motorway exit
It is close to amenities: supermarket, pharmacy, ATM, pizza truck, Intermarché, bakery, Tramway, bus stop, Valrose Science Faculty...
The condominium is equipped with an oil boiler for heating and hot water.
Consumption related to heating and hot water in the apartment is billed by individual meters
The studio is equipped with a bay window with acoustic double glazing
The entrance to the building is located at 2 rue Paul Bounin and the studio directly overlooks Place Alexandre Médecin since it is located just above the Carrefour city (ex Spar).
The studio is sold rented at 600€ / month.
The announced yield is based on a sale price of €95,000 + €8,650 notary fees.
Property tax €582/year
Charges: €150/month