- Mercader, València
Rental investment in Valencia
Calle Juan Mercader
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's an apartment in its original state, acquired for €93,000. Almost as much invested in renovation to turn it into a little gem.
You be the judge!
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Calle Juan Mercader
Key figures
190 157 €
Total budget
25 459 €
Annual rent
13.4%
Rental yield
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. Shared accommodation with 4 bedrooms, 2 bathrooms. Total budget: €81,068. Disadvantage? It's difficult to finance the work, so a lot of personal contribution (savings) is required. Advantages? A strong capital gain on resale, as well as ease of finding tenants.
190 567 €
Total budget
including bank financing of €55,800 (60% of €93,000) and personal contribution: €134,767
- Credit monthly payment: €281 for 20 years.
572 €
Monthly expenses
25 459 €
Annual rental income
