An Investment That Provides Annual Cash Flows Of 9600 Make Your Property Work For You – Buying To Rent A Property In Spain

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Make Your Property Work For You – Buying To Rent A Property In Spain

As our property prices fall, what has happened to our rental prices in the short and long term?

In my neck of the woods we’ve noticed a big rental trend, with people who were previously looking for a property now settling to pay off someone else’s mortgage for a while so they can see what’s going on in the market.

This immediately brings up 2 questions, first question: Isn’t the best time to buy when prices are low and few sellers are willing to accept any offers?

Second: If the market is favorable for renting, is now the time to buy a rental property?

Let’s look at the rental period, long term rental pays less but the security of your property is earning money every month.

Short term rentals are likely to be booked solidly in high season but are likely to be less so in low season.

Price Comparison:

2 bedroom, 2 bathroom apartment with nice sea and mountain views bought for Euro 200,000.

Repayment on a mortgage of EUR 180,000 is EUR 998 per month. – Using our mortgage repayment calculator.

Over 12 months is 11,976 euros

An average long-term rental can fetch between EUR 600 and EUR 850 per month.

Over 12 months is between Euro 7200 and Euro 10,200.

Short term rentals can be arranged between Euro 500 and Euro 800 in high season which can achieve between Euro 6,000 and Euro 9,600 for 12 weeks, hopefully a few weeks in the off season between Euro 350 and Euro 500 per week achieving between Euro 1400 and Euro 2000 can do

This average total is between Euro 7400 and Euro 11,600

3 bedroom luxury villa with private pool and stunning views purchased for Euro 650,000.

Repayment on a mortgage of EUR 400,000 is EUR 2218 per month. – – Using our mortgage repayment calculator

Over 12 months is 26,616 euros

Average long-term rent can be found between Euro 1000 and Euro 1500 per month

Over 12 months which is between Euro 12,000 and Euro 18,000

Short term rentals can be arranged between Euro 1,000 and Euro 1600 per week.

High season between Euro 12,000 and Euro 19,200. 4 weeks low season between Euro 650 and Euro 1000 for Euro 2600 and Euro 4000.

Total rent between Euro 14,600 and Euro 23,200

These figures are not very optimistic; They are based on 12 weeks high season rent and 4 weeks low season rent.

If you are proactive in marketing your property we are sure you can get longer rental periods and therefore more money.

Purchase Price – 2 Bed Apt. Euro 200,000

Mortgage Repayment – Mortgage Value – Euro 180,000 / Euro 998 Euro 11,976 Annual Repayment

Long term rent £600 per month, Euro 7,200 – Euro 10,200 annual income

Short term rental €500 per week Euro 7,400 – Euro 11,600 Annual income

Purchase price – 3 bed villa with pool Euro 650,000

Mortgage Repayment Mortgage Value – Euro 400,000 / Euro 2218 – Euro 26,616 Annual Repayment
Long term rent Euro 1,000 per month Euro 12,000 – Euro 18,000 Annual income

Short term rental Euro 1,000 per week Euro 14,600 – Euro 23,200 Annual income

The numbers tell us that with the minimum rental options suggested in the table above, your mortgage repayments can be reduced by up to 75%. For example: a 2 bed, 2 bath apartment bought for Euro 200,000 with a mortgage of Euro 180,000 can generate an annual income of Euro 10,200 long-term rental or Euro 11,600 short-term rental.

Your monthly mortgage repayments will be reduced from Euro 998 to Euro 148. And property is still the safest investment.

The traditional high season is always dominated by school holidays and bringing in family tourism. However, a large number of people take early retirement with good earnings that allow them to enjoy the winter months and thus create another seasonal rental opportunity.

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