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3
Bedrooms
2
Bathrooms
118 m²
Surface area
€
€3678
Price per m²
Apartment
Property type
+53 photos
Analysis
Price
€434.000
Own investment (30%)
€130.200
30% down payment of purchase price
Buyer costs
€43.400
Buyer costs: 10% of purchase price
Estimated nightly rate
€108,28
Expected occupancy rate
67%
Gross rental p/m
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€0000
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Mortgage costs
-€810,13
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€98,33
{% 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
-€331
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€104,72
Municipal taxes for Miraflores
Tax
(19%)
-€100,54
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
€108,28
High season
€131
Mid season
€108,33
Low season
€100
Price determining factors
- Proximity to Bombo Beach and local amenities: Enhances desirability and rental income.
- Community facilities: Pools, gardens, and on-site amenities add value.
- Rental license and proven short-term rental history: Increases attractiveness for investors.
- Modern renovations and features: Air conditioning, fiber internet, and updated bathrooms add value.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|
Return & Value appreciation
Annual return
3.95%
5 Year Return
19.75%
10 Year Return
39.50%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with recent renovations and modern amenities, likely to attract tenants and buyers.
- Local market trends in 2027: Growing demand for holiday rentals and second homes in coastal Spain, especially in Mijas Costa.
- Property type: Popular holiday apartment with high rental potential, appealing to both tourists and investors.
- Economic outlook in 2027: Expected steady economic growth in Spain, supporting property values and tourism.
- Demographic developments: Increasing number of retirees and expatriates seeking coastal properties, boosting demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and tourism infrastructure in Mijas Costa.
- Historical WOZ value trends: Consistent increase in property values and local taxes, indicating appreciation potential.
Possible improvements
- Adding a private balcony or expanding outdoor space.
- Upgrading kitchen appliances or finishes for higher appeal.
- Implementing smart home technology for modern convenience.
- Enhancing energy efficiency with solar panels or better insulation.
Description
Discover this stunning corner apartment in Miraflores, Spain—an ideal second home or a lucrative rental investment just walking distance from Bombo Beach. Located within the sought-after Rancho B complex in Mijas Costa, this spacious 3-bedroom, 2-bathroom property seamlessly blends Mediterranean charm with modern comforts. The large, sunlit terrace offers breathtaking sea, mountain, and tropical garden views, perfect for enjoying Spain's year-round sunshine. Inside, a bright living room features a new three-panel sliding door (2025) that floods the space with natural light, complemented by a fully equipped, modernized kitchen designed to minimize cooking odors. The three generous bedrooms include built-in wardrobes and new mattresses; the master boasts a stylish en-suite with double sinks and a walk-in shower. Modern renovations include tastefully updated bathrooms, air conditioning, fiber optic internet, and Chromecast, making this apartment ideal for comfortable living or holiday rentals. The complex offers beautifully landscaped gardens, two large communal pools, a children’s pool, and an on-site seasonal pool bar and restaurant. Parking is available on-site with covered options, all within the secure Miraflores community. Just a 10-minute walk from Bombo Beach and local amenities like restaurants, bars, and supermarkets, this property is perfect for beach lovers and investors alike. Proven short-term rental history with a Booking.com rating of 9.3, rental license in place, and community approval for short-term rentals make this an exceptional investment opportunity in Miraflores, Spain.
Location
Nightly rates in the area
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