You're about to sign a
€200,000 mortgage.
Know if the rent covers it.

Cautious case (low rent 1,500 €, not a floor): +55 €/mo

Assumptions: down payment 51,800 € (20 %), loan 207,200 € at 3.5 % over 25 years, EU non-resident tax (year 1), rent over 11.5 months a year, letting agency 8 %, insurance 250 €/year, maintenance 5 % (the tool’s default settings, all adjustable).

Gross yield is about 7.6% (19,800 € annual rent on 259,000 €), clearly above the 6% threshold. Usera offers strong rental demand and a low entry price. The IRAV caps annual rent increases at 2.54%. Risks are the single bathroom, the unconfirmed energy rating and a lower-income tenant profile.

Idealista listing 112876485. Excerpt: 3 of the 5 strengths and risks.

Cautious case (low rent 1,750 €, not a floor): −1,871 €/mo

Assumptions: down payment 154,000 € (20 %), loan 616,000 € at 3.5 % over 25 years, EU non-resident tax (year 1), rent over 11.5 months a year, letting agency 8 %, insurance 250 €/year, maintenance 5 % (the tool’s default settings, all adjustable).

Capital-preservation play, not a cash-flow one. Gross yield is only about 3.1% (2,000 € × 12 / 770,000 €), well below Euribor 12M at 3.24%. IRAV caps annual rent rises at 2.54%, limiting upside. Tenant quality and liquidity are excellent in Salamanca, but the return is thin. Worth pursuing only with a significant price reduction.

Idealista listing 112889957. Excerpt: 3 of the 5 strengths and risks.