Last updated on June 21st, 2023
airbnb property for sale Denia City Center
The vibrant city of Denia, located in the Valencian community, is one of the most popular holiday destinations on the Costa Blanca North, as it always captures the hearts of tourists. The city offers a wide range of leisure activities and enjoys a bustling nightlife with bars and live music venues.
Among Denia’s landmarks, we can find the Denia Castle, the Ethnology Museum, Gerro Tower and Hermitages, as well as some stunning historical buildings.
As a matter of fact, Denia’s popularity is pretty visible as it’s one of the Valencian cities that welcomes the most tourist arrivals during the summer season (around 151,853 visitors) based on La Marina Plaza.
Looking to buy an investment property in Spain, particularly in Denia? Then you should not only consider the house’s proximity to major tourist areas but also analyze its profitability and other major costs.
Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment in Denia, which is an essential step to take before starting an Airbnb business in Spain.
This includes the best website recommendations for property investment, defining property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!
Is Property Investment Profitable in Denia City Center?
Using an Airbnb income calculator, it was discovered that a 2-bedroom apartment in Las Denia City Center can generate an annual revenue of €24,265 with a steady occupancy rate of 67% and a nightly rate of €83. According to Airbnb rules in Denia, it is legal to operate an Airbnb following certain regulations.
airbnb property for sale Denia City Center
Cheap Townhouses & Apartments for sale in Denia
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. If you are looking for houses and flats in Denia, then you probably should aim for one located in notorious and profitable areas such as Las Marinas, El Palmar and Los Molinos. Here are some of the profitable properties in Denia along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
Les Marines/Las Marinas, Denia
1. Studio-type Property for Sale in Denia
Close to Parque Veler
Asking Price: €67,500
| GROSS RENTAL YIELD | 16.98% |
| ANNUAL REVENUE | €11,461 |
| CASH ON CASH RETURN | 25.17% |
2. 1-Bedroom Property for Sale in Denia
Near Playa Els Molins
Asking Price: €69,000
| GROSS RENTAL YIELD | 18.50% |
| ANNUAL REVENUE | €22,853 |
| CASH ON CASH RETURN | 29.75% |
Les Marines/Las Marinas, Denia
3. 2-Bedroom Property for Sale in Denia
200m to the beautiful beach of Els Molins in Las Marinas
Asking Price: €99,000
| GROSS RENTAL YIELD | 15.72% |
| ANNUAL REVENUE | €15,559 |
| CASH ON CASH RETURN | 21.38% |
4. 3-Bedroom Property for Sale in Denia
Near Playa Les Bovetes. Denia
Asking Price: €125,000
| GROSS RENTAL YIELD | 16.02% |
| ANNUAL REVENUE | €20,023 |
| CASH ON CASH RETURN | 22.29% |
Les Marines/Las Marinas, Denia
5. 4-Bedroom Property for Sale in Denia
100 meters from Deveses beach
Asking Price: €148,470
| GROSS RENTAL YIELD | 20.34% |
| ANNUAL REVENUE | €30,193 |
| CASH ON CASH RETURN | 35.24% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Denia such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
