Rental yield calculator
Gross and net yield after costs and tax.
About 13.5% on a new build, 10% on a resale. Work it out
Your year, month by month
Tap a month to switch between long let, weekly, nightly and empty.
Yearly running costs
Often €400 to €1,500 for an apartment.
Holiday lets usually cost 15 to 25% to manage, cleaning included.
Your estimate
Gross yield
6.4%
€38,300 a year
Net yield
3.4%
€22,955 a year on €681,000 invested
| Long let, 8 months | €20,000 |
| Holiday let by the week, 4 months | €18,300 |
| Gross rent | €38,300 |
| Management | -€5,660 |
| Community, IBI, insurance, maintenance | -€4,300 |
| Non-resident tax 19% on net income | -€5,385 |
| Net income | €22,955 |
Gross yield is rent divided by the price. Net yield is income after costs and tax divided by the price plus buying costs. Non-residents from the EU or EEA pay 19% on net rental income and can deduct linked expenses; others pay 24% on the gross, with no deductions. Mortgage interest and depreciation are not included.
Holiday lets have their own rules. Since 3 April 2025, a new tourist let in a community building needs approval from three fifths of the owners, and since 1 July 2025 short-term lets advertised online need a national registration number. Some towns limit new licences, so check the building and the municipality before you buy.
Long let, weekly or nightly. Add the rent and running costs and see gross and net yield after Spanish non-resident tax.
Rates and thresholds checked September 2026. Estimates for guidance only; confirm figures with a lawyer, bank or developer before committing.
Questions people ask
How is rental income taxed for non-residents in Spain?+
Owners resident in the EU or EEA pay 19% on net rental income and can deduct expenses directly linked to the let. Owners resident elsewhere, including the UK and US, pay 24% on the gross rent with no deductions. Returns are filed on Modelo 210, either quarterly (the first 20 days of April, July and October, with the fourth quarter filed 1 to 20 April of the following year) or grouped for the whole year (1 to 20 April of the following year). A home you do not let is taxed on imputed income instead, filed 1 April to 31 December of the following year (2025 income: by 31 December 2026).
What is the difference between gross and net yield?+
Gross yield is the yearly rent divided by the price. Net yield takes off running costs, management and tax, and divides by the full amount invested, including buying costs. Net yield is the figure to compare with other investments.
Can I rent my apartment to tourists?+
It depends on the building and the town. Since 3 April 2025, a new tourist let in a community building needs express approval from three fifths of the owners, and communities can also restrict it. Since 1 July 2025 short-term lets advertised on platforms need a national registration number, alongside registration with the Junta de Andalucía. Some municipalities, such as Málaga city, have paused new tourist licences.
How much is IBI council tax?+
IBI is the cadastral value times the municipal rate: about 0.65% in Marbella and 0.662% in Estepona. Typical bills are about €400 to €1,500 a year for an apartment and several thousand for a large villa.