The recently renovated house with a living area of 120 m² features a terrace of 25 m² and an underground garage for one car or a small car and a bike.
The house includes three floors where three bedrooms with private bathrooms and a guest bedroom are situated.
The building is equipped with air conditioning.
The property with tourist licence without occupancy rate limit can be rented per rooms, on a per day basis. The house accommodates up to 8 people.
- Tourist licence without occupancy rate limit
- Net yield of 6,8%
- Rental business with simple and intuitive management
- Right to permanent residency in Spain without fiscal residence
- Smart asset diversification — investment of a part of funds on the stable increasing market
April — October: 240–250 euros per day. Total minimum yield for one peak season will be 40,500 euros.
November — March: 200–220 euros per day. Total minimum yield for one low season will be 25,200 euros.
Total: 65,700 euros of pure profit per year.
Possibility to obtain bank financing for 60% of the price of a flat at the rate of 3% per annum. Regular mortgage payments will be be covered by rental income. In this case, the fund of 206,000 euros will be needed for purchase, inclusive of purchase tax.
The cost of ownership
Annual tax is 900 euros.
The house is located near Spain Square, within walking distance of two metro lines, and all necessary infrastructure.
A Golden Visa can be obtained with the purchase of this property (residence permit for investments).