Are you dreaming of retiring in Madrid while making a smart investment?
Let us introduce you to a success story that perfectly combines lifestyle goals with profit strategies.
Our client, hailing from the US, had a clear vision: to retire in Madrid in the coming years. However, he didn’t just want a property for retirement; he aimed to maximize his investment by renting it out until he was ready to settle down, ensuring a smooth transition into retiring in Madrid.
Goals
The primary objective was twofold: achieving a comfortable retirement lifestyle in Madrid while ensuring a profitable return on investment, with a slightly heavier emphasis on the latter.
Preferred Areas
With a keen eye on the vibrant heart of Madrid, our client had their sights set on prime locations such as Palacio, Chueca, Malasaña, Sol, and Lavapiés.
Budget
Operating within a comprehensive budget of €400,000, inclusive of the purchase price, associated taxes, fees, and potential renovations, we embarked on a meticulous search to find the perfect property.
Property Search
Our journey began with an extensive analysis of approximately 200 properties. Following thorough scrutiny, we curated a selection of 25 properties for pre-client review, eventually narrowing it down to 8 properties to view with our client.
Success Unveiled C/ Marqués de Santa Ana 39: After careful consideration and property viewings, we discovered the ideal gem at C/ Marqués de Santa Ana 39.
The Numbers:
- Purchase Price: €340,000
- Closing Costs: €37,000
- Renovation + Furnishing: €5,000
- Total Investment: €382,000
Expenses and Market Value:
- Long-Term Rental Estimate:
- Monthly Fee: €1,500 (rented within 3 weeks)
- Gross Rental Return: 4.7%
- Net Rental Return*: 4.2%
*Net rental return calculated as gross income minus operational costs, yearly property tax, HOA fees, and home insurance.
Monthly Rental Estimate
The property’s market value and strategic location ensured a promising monthly rental estimate, contributing significantly to our client’s investment strategy.
Conclusion:
With a meticulous approach, strategic planning, and a keen eye for profitable opportunities, our client’s dream of retiring in Madrid while ensuring a lucrative investment was realized at C/ Marqués de Santa Ana 39. This success story highlights the synergy between lifestyle aspirations and smart real estate investments, paving the way for a prosperous retirement in the heart of Madrid.
If you’re ready to embark on your own success story in the world of real estate, contact us today. Let us guide you towards your goals, just as we did for our esteemed client.
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