€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

The Property

€340.000

2 bedroom

80m2

Hacienda Beach in Estepona, Málaga

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

The renovation

€25.000​

Renovation

€7.000​

Furnishing and decoration

10 weeks​

Time to completion

Renting out the property

Property Manager

Paula. 15 years of experience managing vacation rentals.

€95

Average price per night

>70%

Occupancy Rate

Marketing platforms

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