- Valence
Ah, the Cabanyal... my favorite district 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, purchased for €93,000. Almost as much invested in renovation to turn it into a little gem. Judge for yourself!
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Calle Juan Mercader
Key figures
190 157 €
Total budget
25 459 €
Annual rent
13.4%
Rental yield
When magic happens.
Highlights
Strong demand
High rental pressure in Valence
Profitability
Rising sales prices
Passive income
High rental yield
Highlights
Financial strategy
Starting from scratch. 4-bedroom, 2-bathroom shared apartment. Total budget: €81,068. Drawbacks? Complicated to have work done financially, so you need a lot of personal contribution (savings). Advantages? Significant added value 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 of €134,767
- Monthly loan payment: €281 for 20 years.
572 €
Monthly expenses
25 459 €
Annual rental income