- Castillo Benisano, Valencia
Rental investment in Valencia
Castillo Benisano Street
Ah, the Nou Moles neighborhood... undoubtedly one of the best neighborhoods in the Olivereta district of Valencia! Just a few steps north of the Turia Gardens—what more could you ask for?
Here is an apartment purchased for €183,000, renovated for €62,700, then decorated for €9,200 to turn it into a little gem.
You be the judge!
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Carles Ros Street
Key figures
183 000 €
Apartment price
62 700 €
Terreta Renovation
5 minutes
Turia Gardens
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
Purchase price:$183,000
Work: €62,700
Total cost: €297,000 (all inclusive)
Disadvantage: Financing the work is difficult → requires a significant investment.
Advantages: High potential for added value, excellent rental returns... or the ideal pied-à-terre in Spain!
297 000 €
Total budget
including bank financing of €110,000 (60% of €183,000) and personal contribution of €187,000
Monthly loan payment: €600 over 20 years (CaixaBank, interest rate of 3%)
700 €
Monthly payment for a consumer loan of €50,000 over 84 months at 5% interest, to finance the work and reduce the personal contribution.
1 350 €
Monthly rental income, long-term rental.
