The Truth About Airbnb Income in Spain

Rental income projections are where property marketing most frequently misleads investors. Here is what the data actually shows.

Worked Example: 2-Bed Apartment in Torrevieja (EUR 195,000)

Gross rental income (Year 2, 65% occupancy): EUR 10,770. Operating costs: EUR 7,099. Net operating income: EUR 3,671. Net yield: 1.9%.

The gross-to-net conversion factor is typically 0.30-0.40, meaning you keep 30-40% of gross rental income after all costs.

The Honest Assessment

Realistic net yields for non-resident investors are 1.5-3.5% after all costs and taxes. The total return case depends on combining income with capital appreciation of 3-5% annually.

Rental income data from comparable analysis across the Avena Terminal database.