Manual to know the profitability of your rental in Madrid
Madrid is one of the cities with the most population, tourism Manual to know and the highest prices. It is not surprising being the capital of Spain and being in such a strategic geographical location that allows you to reach other parts of the peninsula and abroad. These factors make it a point of interest for investors. And the rent for renting an apartment is one of the most expensive, which means a high benefit thanks to the profitability of your rental in Madrid . At Housfy, our team of experts will help you obtain the maximum profitability from your rental, in addition to managing everything online. Rent your apartment and forget about worries 0% late payment. We take charge if the tenant does not pay.
What is profitability?
At first, calculating the profitability of your rental in Madrid may seem like a complicated procedure, but nothing could be further from the truth. The truth is that it is enough to apply an appropriate formula and take each component into account when proceeding. The elements Chinese Europe Phone Number List it integrates are: Annual income. Fixed costs. Real estate investment. So, the formula to calculate the investment of a real estate home is: Profitability: Annual income – fixed expenses real estate investment X 100 For the home to be considered to have a good profitability, it must have an annual average of 4%. Although in some cases it can exceed 6% or 7%. What areas of Madrid are most profitable? Now that you know how to obtain the percentage of the profitability of a property, it is time to know where you can obtain the most profits.
Buy to rent: aspects you have to take into account
If you finally decide to buy an apartment in Madrid , with the goal of renting it and maximizing your profitability, it is essential that you take into account the following factors. These will help you maximize the income obtained from leasing your property. It is better Canada WhatsApp Number List to opt for the areas that we have mentioned above, because this way you will obtain a greater benefit. Choose a property that needs few interior renovations and that has common areas such as a pool or gym. This will considerably increase the value of the rental income. The terraces are an element that also adds value, being an aspect that tenants take into account. A well-located property and good communications can mean an increase in rent. Avoid non-payment of rent payments, for this it is important to have comprehensive rental management in Madrid . This way you will be ensuring collection without having to worry, even if the tenant does not pay the fees.