Last updated on June 21st, 2023
airbnb property for sale Cadiz City Center
Cadiz is one of the oldest cities in western Europe and possesses a unique charm that can be appreciated while touring its historic alleys that offer impressive sea views.
While Cadiz has many stunning touristic spots, the El Pópulo neighborhood stands out as the most attractive one as well as the oldest neighborhood here. Visitors can find popular attractions such as Cadiz Museum, the Cadiz Cathedral and the Roman Theater here.
If you are looking to start an Airbnb business in Spain, specifically in Cadiz City, then it is certainly important to consider the major costs, revenue and rental yield before deciding to purchase a property in here. Another excellent option is to do rental arbitrage in Cadiz City Centre as it is legal and does not require you to purchase a property.
Cadiz has a rental yield that is close to 5% and home values had an evolution of 4.9% compared to last year based on a report from Idealista.
Source: Idealista
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.
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 Cadiz City Center?
Using a short-term rental calculator, it was discovered that a 2-bedroom apartment in Cadiz City Center can generate an annual revenue of €36,450 with a steady occupancy rate of 73% and a nightly rate of €138.
airbnb property for sale Cadiz City Center
Properties for sale in Cadiz City Center
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. You can find properties for sale in the Cadiz region in areas like La Viña, el Mentidero and Santa María. Here are some of the profitable properties in Cadiz City Center along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
Centro, El Puerto de Santa María
1. Studio-type Property for Sale in Cadiz
Near Puerto de Santa María train station
Asking Price: €63,000
| GROSS RENTAL YIELD | 25.35% |
| ANNUAL REVENUE | €15,969 |
| CASH ON CASH RETURN | 50.28% |
El Juncal – Vallealto, El Puerto de Santa María
2. 1-Bedroom Property for Sale in Cadiz
10-minute drive from the beach
Asking Price: €75,000
| GROSS RENTAL YIELD | 26.34% |
| ANNUAL REVENUE | €19,757 |
| CASH ON CASH RETURN | 53.26% |
San José-San Bernardo, La Linea de la Concepcion
3. 2-Bedroom Property for Sale in Cadiz
Few minutes walk from the city center
Asking Price: €79,900
| GROSS RENTAL YIELD | 25.85% |
| ANNUAL REVENUE | €20,656 |
| CASH ON CASH RETURN | 51.79% |
Saladillo – La Piñera, Algeciras
4. 3-Bedroom Property for Sale in Cadiz
10-minute drive from Hospital Punta Europa and a fifteen-minute walk from the city center
Asking Price: €77,000
| GROSS RENTAL YIELD | 25.83% |
| ANNUAL REVENUE | €19,890 |
| CASH ON CASH RETURN | 51.73% |
Saladillo – La Piñera, Algeciras
5. 4-Bedroom Property for Sale in Cadiz
Near Calle Cuatro Vientos
Asking Price: €78,000
| GROSS RENTAL YIELD | 23.92% |
| ANNUAL REVENUE | €18,655 |
| CASH ON CASH RETURN | 45.98% |
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 Cadiz 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.
