3 bedrooms apartment in Torrevieja, Alicante, Spain

Description: This 3-bedroom, 2-bathroom apartment is located in Torrevieja, Alicante, and is available for long-term rental starting from September. The apartment features a terrace, living room, elevator, and fully equipped kitchen. It is situated near the sea and offers access to a communal swimming pool. Small pets are allowed. Estimated rental period: 12 months Rent: 750€/month Deposit: 1 month's rent Utility costs: Approximately 150€/month (electricity, water, gas, internet) Property taxes: 150€/year Maintenance fees: 100€/month Property features: * 3 bedrooms * 2 bathrooms * Terrace * Living room * Elevator * Equipped kitchen * Communal swimming pool * Small pets allowed Estimated total cost for the rental period: Rent: 9000€ (12 months x 750€/month) Deposit: 750€ Utility costs: 1800€ (12 months x 150€/month) Property taxes: 1500€ (12 months x 125€/year) Maintenance fees: 1200€ (12 months x 100€/month) Total estimated cost: 12,300€ Real estate investment potential: With a rental income of 750€/month and a total estimated cost of 12,300€ for the rental period, the return on investment would be: Return on investment: 750€/month - 12,300€/12 months = 62.50€/month The property seems to be a good investment for those looking to generate a steady income from long-term rentals. However, it is essential to consider factors such as the local real estate market trends, potential vacancies, and maintenance costs before making a final decision. Lifestyle purchase potential: Living near the sea in Torrevieja, Alicante, would provide a fantastic lifestyle for those who enjoy beach life, water sports, and a warm climate. The communal swimming pool and small pet-friendly policy would also be attractive features for many potential tenants. Additionally, the apartment's proximity to amenities, such as shops and restaurants, would contribute to a comfortable and convenient lifestyle. Overall, the property seems well-suited for both investment and lifestyle purposes.