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Net revenue per Year between 15.000€ and €23.000
Estimated Values for the year 2024
Enjoy Attractive Returns on Your Property Investment
The West Cliffs Resort Offers an Attractive Rental Programme
Through our rental programme, property owners can gain passive income while not at the property. The West Cliffs team will take care of property management and managing guest stays. The owner keeps 70% of the daily rate revenue, while deducting a daily fee for cleaning services and amenities maintenance.
Net revenue per Year between 15.000€ and 23.000€
Estimated values for the year 2024
The rental programme is an option for owners to take full advantage of their property investment.
Monthly Revenue Varies by Season
Estimates for occupation and monthly revenue are shown in the table on the right. In order to calculate gross profit, subtract the cleaning and amenities fee from the owner share of revenue.
For a property investment of €602,000, the gross estimated profit per year is €21,386, equivalent to a 3,5% yield.
For a final yield calculation, other expenses must be taken into account. These expenses are:
Condominium:
Periodic contribution for condo cost varies per property, covering:
- Operational Costs
- Services (reception, concierge, security, garbage collection, gardening)
- Maintenance (street maintenance, water piping, etc.)
- Equipments (pools, children’s playgrounds)
- Other Administration Costs
- Contingencies
- Fees and Commissions
- Reserve Fund – 4% of Total
- Management Fee – 20% of Total Expenses
Utilities & Other:
Estimated costs for a T3 Twin Villa:
- Garden maintenance – €120/month
- TV & Internet – €30/month
- Maintenance – €190/month
- Insurance – €30/month
- Property Tax – 0,36% of property value per year
- Water and Energy – €130/month
- IMT and IS (taxes related to property acquisition)
The final estimated profit per year, when taking these estimated variable expenses into account, is equal to 13,099€.
This represents a yield of 2,2%*
* Includes IMT and IS costs. The owner still has to take into account rental taxes or personal income taxes, which are individual. Special statuses may apply to foreign residents.
| Month | Occupancy Rate | Owner's Share of Revenue** | Cleaning & Amenities*** |
|---|---|---|---|
|
January |
24% |
651€ |
259€ |
|
February |
22% |
597€ |
244€ |
|
March |
25% |
679€ |
271€ |
|
April |
51% |
1,322€ |
438€ |
|
May |
54% |
1,870€ |
571€ |
|
June |
57% |
2,185€ |
621€ |
|
July |
65% |
5,024€ |
676€ |
|
August |
82% |
7,629€ |
950€ |
|
September |
73% |
3,011€ |
844€ |
|
October |
63% |
2,514€ |
732€ |
|
November |
50% |
1156€ |
449€ |
|
December |
52% |
1,311€ |
528€ |
|
Total |
51% |
27,949€ |
6,583€ |
** Already takes into account the 70% share of revenue;
*** Daily Fee is related to cleaning and amenities cost and estimated using 2021 values. Does not include water and electricity.
Renting your property at the West Cliffs can mean that 25% of home value is fully in about 10 years.
Renting your property at the West Cliffs can mean that 25% of home value is fully paid back after 10 years.
Contact Us
For more information complete the form or write to realestate@westcliffs.com.
We will get in touch with you.