A successful investment is not purchase price and rent — it's every cost from acquisition through operations to exit, quantified up front. This page is the full picture.
Your true investment is purchase + transaction costs + setup. That number — not the sticker price — is what your ROI is computed on. Here is the honest budget:
| Cost item | Realistic estimate |
|---|---|
| Property purchase | $200,000 |
| Property transfer tax / stamp duty | $0 — Georgia has none |
| Registration (NAPR) | $20–75 · 1–4 business days |
| Legal assistance & due diligenceContract review, cadastral check, POA if remote | $500–1,500 |
| Notary & translation | $100–300 |
| Buyer-side brokerageConfirmed in your engagement agreement | Typically 2–3% |
| Renovation (if needed)See Part 02 for tiers | $0–26,000 |
| Furniture & appliances1–2 bedroom, rental-grade to premium | $6,000–15,000 |
| Realistic total investment | $212,000 – 248,000 |
Current 2026 contractor pricing, converted from GEL — noticeably lower than most investors expect, and one of the reasons value-add strategies work here.
One engagement from purchase to first tenant: property selection → renovation management → furniture sourcing → professional photography → rental preparation. You approve the budget and see photo progress reports; we run the crews we already use for our managed portfolio. Pricing is quoted per project after inspection — no generic packages, because no two renovations are the same.
Request a package quote →Move the sliders — the breakdown recalculates with the same engine as our ROI calculator. No hidden lines: this is the entire annual cost stack for a long-term rental.
Assumptions: management 8% of collected rent · rental tax 5% (registered-landlord rate) · maintenance reserve 1.25% of property value/yr (covers appliances, plumbing, repainting, wear) · insurance $300/yr (optional but recommended) · 95% occupancy (≈18 vacant days/yr). Structure-dependent items excluded — see disclaimer.
Model the full deal — financing, IRR, exit →| Exit cost item | Typical |
|---|---|
| Brokerage on sale | 2–4% of sale price |
| Marketing & presentation | Usually included in brokerage |
| Legal assistance | $300–800 |
| Capital gains taxIndividuals; ownership ≥ 2 years | 0% |
| Capital gains taxIf sold within 2 years | 5% of the gain |
| Typical all-in exit cost | ≈2.5–4.5% |
On a $250,000 sale, exit costs run roughly $6,000–11,000 — and if you've held for two years or more, the gain itself is untaxed for individual owners. Compare that to markets where capital gains tax alone takes 19–28% of your appreciation.
Our ROI calculator defaults to 3% selling costs and applies the 2-year capital-gains rule automatically, so the IRR you see already survives the exit.
Every managed property receives monthly statements — rent collected, costs incurred, notes from inspections — and an Annual Property Performance Report: the year's full income and expense record, occupancy, achieved yields, and an updated value estimate based on district data.
This is the same discipline a fund manager owes its investors. It's rare in Tbilisi property management, and it's the reason owners stay.
| Income | |
| Rental income collected | $8,230 |
| Occupancy | 97% (354/365 days) |
| Expenses | |
| Management (8%) | −$658 |
| Rental tax (5%) | −$412 |
| Maintenance & repairs | −$840 |
| Performance | |
| Net income | $6,320 |
| Net yield on investment | 5.9% |
| Updated value estimate (district data) | $112,000 (+4.1%) |
Most agents stop at "congratulations on your purchase." Our engagement is a lifecycle, and this whole page is the proof: we quantify costs because we're the ones who manage them.
Compare listings
Compare
