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3
Bedrooms
2
Bathrooms
90 m²
Surface area
€
€4433
Price per m²
Apartment
Property type
+25 photos
Analysis
Price
€399.000
Own investment (30%)
€119.700
30% down payment of purchase price
Buyer costs
€39.900
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
-€744,80
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€75
{% 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
-€97,29
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 La Cala beach and local amenities increases desirability.
- Modern upgrades and well-maintained condition add value.
- Location in a popular tourist and expatriate area supports higher prices.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 7.2 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 17.4 km |
| €164,40 | 3 Bed Accommodation with Pool | 3.5 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 1.5 km |
| €195,20 | Hacienda el Alamo | 13.6 km |
| €166,20 | Seaview house: Rooftop pool,gameroom, parking|REMS | 18.7 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 15.4 km |
| €217 | Fabulous Villa,private pool, stunning views,Malaga | 21.3 km |
| €210 | Beach House | 1.7 km |
| €84 | Paradise, sun and beach. Charming terrace. | 1.4 km |
Return & Value appreciation
Annual return
11.51%
5 Year Return
57.55%
10 Year Return
115.10%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with recent upgrades enhances value.
- Local market trends in 2027: Expected growth driven by tourism and expatriate demand.
- Property type: Apartments in high-demand seaside locations tend to appreciate steadily.
- Economic outlook in 2027: Positive economic growth in Spain and the Eurozone supports property appreciation.
- Demographic developments: Increasing expatriate and retiree populations boost demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities in Costa del Sol.
- Historical WOZ value trends: Consistent increase in property values and local taxes over recent years.
Possible improvements
- Adding a modernized kitchen or bathroom upgrades.
- Enhancing outdoor space with landscaping or a balcony extension.
- Installing smart home technology for increased appeal.
Description
Discover this beautifully maintained three-bedroom, two-bathroom apartment in the heart of La Cala de Mijas, Spain, perfect for both family holidays and permanent residence. Located just 230 meters from the stunning La Cala beach, this property offers the ideal seaside lifestyle with easy access to the vibrant local scene. Situated in a well-established community, residents enjoy proximity to an array of cafes, restaurants, shops, and bars, all within walking distance. The spacious second-floor apartment features an inviting entrance hall, a generous lounge and dining area, and a semi-open plan kitchen. The master bedroom boasts an en-suite bathroom and overlooks the communal swimming pool, complemented by a sunny, south-facing terrace with scenic views of the pool and lush gardens. Two additional guest bedrooms are situated at the rear, providing privacy and comfort. Recent upgrades include a new air conditioning system, built-in wardrobes in all bedrooms, and ceiling fans in main living areas for optimal comfort. This La Cala de Mijas property combines modern amenities with a prime location, making it an excellent investment opportunity or a perfect home in Spain’s Costa del Sol region.
Location
Nightly rates in the area
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