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Apartment in Benajarafe, 3 bedrooms, 146 m² €740.000

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Bedrooms

Bathrooms

146 m²

Surface area

€

€5068

Price per m²

Apartment

Property type

Apartment in Benajarafe, 3 bedrooms, 146 m² - Afbeelding 1

Apartment in Benajarafe, 3 bedrooms, 146 m² - Afbeelding 2

Apartment in Benajarafe, 3 bedrooms, 146 m² - Afbeelding 3

+4 photos

Analysis

View Report

Price

€740.000

Own investment (30%)

30% down payment of purchase price

€222.000

Buyer costs (10%)

10% of purchase price

€74.000

Estimated nightly rate

€128,03

Expected occupancy rate

64%

Gross rental p/m

€0000 Sign in to view

Mortgage interest rate (%)

Monthly mortgage = interest on the loan + linear repayment per year. Changing the term updates the annual repayment automatically.

Mortgage term (years)

Repayment (per year)

€

Total mortgage costs -€1.381,33

Maintenance costs

Estimated annual maintenance costs (10€/m²). This is the rule of thumb for existing and older homes. For new construction, this is usually lower.

-€121,67

Cleaning costs

Annual cleaning costs: €4000 (€333,33/month). Based on number of bedrooms.

-€333,33

Platform fees

15% commission based on average fees from Booking.com and Airbnb

-€373,85

Municipal taxes

Municipal taxes for Benajarafe

-€169,75

Tax (19%)

This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.

-€21,35

Cashflow p.m.

Earned back in

Time to earn back own investment + buyer costs.

00months

* Indicative calculation based on a linear mortgage.

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Nightly Rates

Estimated nightly rate

€128,03

High season

€175

Mid season

€125,17

Low season

€96

Price determining factors

Growing demand for beachfront properties in Costa del Sol.
Limited supply of luxury apartments in prime locations.
Positive economic outlook in Spain boosting real estate investments.

Comparable accommodations

All comparable accommodations and their nightly rates are retrieved from booking platforms.

Rate	Hotel / apartment	Distance
€147	WintowinRentals House with Private Pool in Rincón	6.6 km
€125,40	Villa Jazmin: with pool and garden - Torre del Mar	10.5 km
€142,71	Las Brisas-A private slice of Andalusian Paradise.	14.5 km
€287,20	La Casa Enamorada Málaga, where love becomes reality	14.5 km
€137	Charming villa with big pool	14.7 km
€338,67	Beautiful house with ocean and mountain views	15.0 km
€125,60	Villa Enya: very private villa with pool and views	15.6 km
€219,20	Holiday home 50 mtrs from Malaga beach Pedregalejo	15.9 km
€434,80	Stunning villa+XL whirlpool, 15min walk to beach!	16.6 km
€278	Big swimmingpool, lots of space and amazing views	18.0 km

Return & Value appreciation

Annual return

0.37%

5 Year Return

1.85%

10 Year Return

3.70%

ROI Distribution

Value development

Factors for value appreciation

Property condition: Well-maintained with modern amenities, increasing appeal.

Possible improvements

Renovate interiors to include smart home features.
Upgrade kitchen and bathrooms for modern luxury.
Enhance outdoor spaces with landscaping and outdoor furniture.

Risk assessment

Overall risk: Low

Criterion	Level	Score	Explanation
Location quality	Low	20	Prime beachfront location with excellent access and views.
Tenant demand	Medium	50	Consistent demand from vacationers and expatriates, but seasonal fluctuations exist.
Cash flow stability	Medium	55	Stable rental income, though affected by seasonal tourism cycles.
Vacancy risk	Medium	50	Potential seasonal vacancies, but overall occupancy remains healthy.
Property condition / capital expenditure risk	Low	25	Property is modern and well-maintained.
Purchase price vs market value	Low	30	Current price aligns with market valuations for similar properties.
Financing risk (leverage)	Low	30	Favorable financing options available due to strong market conditions.
Interest rate risk	Medium	50	Interest rates may rise, impacting borrowing costs.
Liquidity risk	Medium	55	Real estate is less liquid, but high demand mitigates this risk.
Market risk (economic conditions)	Medium	55	Economic fluctuations could influence property values.
Regulatory / legal risk	Low	20	Stable legal environment with clear property rights.
Rent level vs market rent	Low	25	Rent levels are competitive within the local market.
Tenant concentration risk	Very low	10	Diverse tenant base with no over-reliance on a single source.
Expense risk	Low	25	Low maintenance costs due to modern construction.
Appreciation potential	Medium	60	Good growth prospects given location and market trends.
Exit risk (resale ability)	Low	30	High demand for resale in a thriving market.
Management complexity risk	Low	20	Managed easily through local property managers.
Deal structure risk	Low	25	Clear legal and financial arrangements.

Description

Experience the epitome of luxury living with these exquisite beachfront homes in Benajarafe, Spain. Situated along the stunning Costa del Sol, these 14 exclusive properties offer the perfect blend of modern elegance and seaside tranquility. Each spacious 3-bedroom, 2-bathroom home boasts 146m² of meticulously crafted living space, featuring large windows that flood interiors with natural light and expansive terraces to enjoy breathtaking sea views. Direct access to pristine beaches makes morning walks and beachside relaxation effortless, while amenities such as landscaped gardens and a large communal pool enhance your lifestyle. Located just 20 minutes from Málaga's vibrant city center, these beachfront homes in Benajarafe provide exceptional investment potential and a Mediterranean lifestyle that combines peaceful coastal living with urban convenience. Whether you're seeking a permanent residence or a vacation retreat, these properties represent a unique opportunity to own a piece of paradise on the Costa del Sol, Spain.

Location

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