2 bedrooms apartment in Los Alcazares, Murcia, Spain

Estimated value of the property and its suitability for real estate investment: The estimated value of the property, located at Los Alcázares, Murcia, is approximately 99,950€. This is based on the average property prices in the area, considering factors such as the size and condition of the apartment, as well as the current real estate market trends. As an investment, this property could be considered a good opportunity, especially considering its location and price. Los Alcázares is a popular tourist destination and offers a mix of modern amenities and traditional Spanish culture, making it attractive to both tourists and potential renters. The projected rental income would depend on factors such as the occupancy rate, seasonality of tourism, and local competition. However, with an estimated property value of 99,950€ and the potential to generate rental income, this property could provide a decent return on investment. Length of time to break even on investment: Considering a realistic rental income of around €8,000 – €10,000 per year (keeping in mind the seasonality and competition in the area), it would take approximately 11-16 years to break even on the investment, excluding any additional costs such as property taxes, maintenance, or management fees. However, this figure could be influenced by factors such as financing, the ability to secure long-term tenants, or any potential price appreciation in the area. Real-life examples of similar properties in the area: To give a more accurate assessment of the investment potential, we can look at similar properties in the area that have been recently sold or listed for sale. * A 1-bedroom apartment in Los Alcázares was listed for €100,000 in July 2021, with a surface area of 61m² and 1 bathroom. * A 2-bedroom apartment in the same complex was listed for €110,000 in July 2021, with a surface area of 72m² and 2 bathrooms. Based on these examples, the property in question (99,950€ for a 2-bedroom apartment with 1 bathroom, kitchen, laundry room, living room, and small balcony) is priced reasonably and could be considered a good investment opportunity compared to similar properties in the area. Estimated annual expenses: Investing in a property in Los Alcazares, Murcia will have some additional expenses throughout the year. Some of the estimated yearly costs to consider would be: * Property taxes (IBI): Around 300 to 600€, depending on the property size and location. * Collection of waste (Basura): Approximately 75€ per year. * Community of owners fees: The apartment is in a building with a community pool, so the fees will depend on the number of homes and their common expenses; generally, they are around 25€-50€ per month, depending on the size of the building. With these expenses in mind, the potential renter would be looking at a net annual income of €8,000 to €10,000 to make a positive return on their investment. In summary: The 2-bedroom apartment in Los Alcazare