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3
Bedrooms
2
Bathrooms
100 m²
Surface area
€
€3950
Price per m²
Apartment
Property type
+23 photos
Analysis
Price
€395.000
Own investment (30%)
€118.500
30% down payment of purchase price
Buyer costs
€39.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€161,24
Expected occupancy rate
64%
Gross rental p/m
Log in to see the annual gross rental income
€0000
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Mortgage costs
-€737,33
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€83,33
{% trans 'Estimated annual maintenance costs (10€/m²). This is the
rule of thumb for existing and older homes. For new construction,
this is usually lower.' %}
Cleaning costs
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€470,82
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€96,44
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€269,34
This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.
Earned back in
Time to earn back own investment + buyer costs.
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Log inNightly Rates
Estimated nightly rate
€161,24
High season
€203
Mid season
€156,75
Low season
€124
Price determining factors
- Proximity to the coast and amenities
- Sea views and orientation
- Community facilities and security
- Property size and layout
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
11.63%
5 Year Return
58.15%
10 Year Return
116.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern interiors enhance value.
- Local market trends in 2027: Expected growth due to tourism and expatriate interest.
- Property type: Apartments in high-demand coastal areas tend to appreciate.
- Economic outlook in 2027: Positive, with growth in tourism and real estate sectors.
- Demographic developments: Increasing expatriate and retiree populations boost demand.
- Infrastructure plans in 2027: Improvements in transportation and amenities support property value.
- Historical WOZ value trends: Consistent increase over past years, indicating rising property values.
Possible improvements
- Renovate kitchen and bathrooms for modern appeal.
- Upgrade flooring and fixtures.
- Enhance outdoor spaces or balconies.
- Add smart home features.
Description
Discover this spacious 3-bedroom apartment in La Cala de Mijas, Spain, offering stunning sea views and a prime south-east orientation. Located within a highly sought-after community on the Costa del Sol, this property provides bright, airy living spaces perfect for permanent residence, holiday home, or investment purposes. Enjoy the convenience of being just a short walk from local shops, restaurants, public transport, and amenities, making it an ideal choice for those seeking a vibrant coastal lifestyle in La Cala de Mijas.
Location
Nightly rates in the area
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