Through our rental programme, property owners can gain passive income while not at the property. The West Cliffs team will take care of property management and managing guest stays. The owner keeps 70% of the daily rate revenue, while deducting a daily fee for cleaning services and amenities maintenance.
The rental programme is an option for owners to take full advantage of their property investment.
Estimates for occupation and monthly revenue are shown in the table on the right. In order to calculate gross profit, subtract the cleaning and amenities fee from the owner share of revenue.
For a property investment of €602,000, the gross estimated profit per year is €20,615, equivalent to a 3,4% yield.
For a final yield calculation, other expenses must be taken into account. These expenses are:
Periodic contribution for condo cost varies per property, covering:
Utilities & Other:
Estimated costs for a T3 Twin Villa:
This represents a yield of 2,5%*
* Includes IMT and IS costs. The owner still has to take into account rental taxes or personal income taxes, which are individual. Special statuses may apply to foreign residents.
|Month||Occupancy Rate||Owner's Share of Revenue**||Cleaning & Amenities***|
** Already takes into account the 70% share of revenue;
*** Daily Fee is related to cleaning and amenities cost and estimated using 2019 values. Does not include water and electricity.
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