- Carles Ros, Valencia
Rental investment in Valencia
Carles Ros Street
Ah, the Cabanyal... my favorite neighborhood in València! A stone's throw from the beach, not far from the universities - what more could you ask for?
Here is an apartment purchased for €146,000, then renovated and decorated for €85,000 to turn it into a little gem thanks to a beautiful renovation.
You be the judge!
-
Do you have a project?
Let's schedule an appointment!
Carles Ros Street
Key figures
265 518 €
Total budget
146 000 €
Purchase of the apartment
5 minutes
Distance from the beach
When the magic happens.
Strengths
High demand
Very high rental pressure in Valencia
Profitability
Increasing sale price
Passive income
Significant rental yield
Key points
Financial strategy
We're starting from scratch. Three-bedroom apartment with one bathroom. Purchase price: €146,000. Renovation budget: €85,000. Total cost of the project: €265,000 (including all costs). The downside? It's difficult to finance the renovations, so you need a lot of personal funds (savings). Advantages? High added value on resale, as well as ease in finding tenants. Or simply enjoy it as a pied-à-terre in Spain?
265 518 €
Total budget
including bank financing of €100,000 (68% of €146,000) and personal contribution of €165,518
- Monthly loan payment: €740 for 15 years.
734 €
Cash credit of €50,000 used to finance the work, over a period of 84 months.
2 500 €
Estimated monthly rental income, if rented.
