Unique Investment Opportunity in Fuerteventura with Carpe Mundi!Located in Puerto del Rosario, this 256 m² property is just a few steps away from the sea, beach, harbor, and city center. The house consists of four apartments, divided into two units with 2 bedrooms each and two units with 1 bedroom each, with a total of 5 bathrooms.Each apartment has a license for holiday rentals and is currently being successfully rented out (about 80% occupancy). This investment offers an unparalleled opportunity with guaranteed returns, thanks to the high demand in this desirable location. The entire house has been lovingly renovated with great attention to detail and is fully furnished and equipped.The advantage of investing here is that you can start generating income immediately after purchase, allowing you to cover the mortgage with rental profits. The apartments are fully furnished and equipped.The house also features an elevator for easy access to the upper floors.4 Apartments with a Total Area of 256 sqm:2 Small Apartments: 1 Bedroom each2 Larger Apartments: 2 Bedrooms each (one with 1 bathroom, one with 2 bathrooms)Total: 6 Bedrooms, 5 BathroomsFor Holiday Rentals on Fuerteventura:Average occupancy rate between 75%–90%Purchase Price: €790,000 fully furnished + approx. 10% purchase costsMinimum Rental Prices:Small Apartment: €55 per night, 24 nights per month = €1,320 eachLarge Apartment: €90 per night, 24 nights per month = €2,160 eachTotal Monthly Income: €6,960Full Occupancy (All 4 Apartments): €300 per nightAt 80% occupancy = 292 nights per year€300 x 292 nights = €87,600 annuallyMonthly Income: €7,300Estimated Cleaning Costs:Cleaning Fee: €40 per rentalAssuming 4 rentals per apartment per month: 16 x €40 = €640 per monthMortgage Details:Total Cost: €790,000 + approx. 10% purchase costsDown Payment: €160,000Interest Rate: 4%Monthly Mortgage Payment: €3,262Breakeven Point:More than 50% occupancy covers costs (€4,500).At 80% occupancy, the monthly surplus is €3,398 after cleaning costs and basic expenses.Alternative Long-Term Rental Calculation:2 Small Apartments: approx. €1,300 each2 Larger Apartments: approx. €2,400 eachTotal Monthly Income: €3,700Conclusion:Holiday rentals provide a significantly higher income potential compared to long-term rentals, based on current market conditions.Don’t miss this unique investment opportunity in Fuerteventura!Contact Carpe Mundi and secure your future in the real estate market.
Furnished:
Fully furnishedBuilding year:
1958 (67 year/s)Condition:
Renovated/modernised