€1.700 monthly net rental income
Especial investment in an apartment in front of the beach in Estepona, Málaga. We make a renovation to make the property stand out from all the competing vacation rentals in the area
Key figures
€400.000
Total project cost
€150.000
Capital invested
€20.400
Yearly net income
13,6%
Return on capital
Great location in Estepona, it is perfect spot for vacation rentals. The compound has a pool, garden and a private access to the beach. Demand for short term rentals had grown 60% vs 2019 in the area. Limited supply growth has resulted in 48% growth in revenue per unit.
Project Timeline
-
Suomma Purchase Mandate signed
01/04/2022 -
Offer on the property
10/06/2022 -
Deed signature
11/07/2022 -
Renovation start
27/07/2022 -
Finished project and first income
14/10/2022
Marketing platforms
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