You can help offset the cost of your mortgage or even make a profit by renting your property for part of the year!
Based on your figures from the mortgage calculator:
For a property worth €0 you can expect to earn a monthly rental income of:
High Season - July, August, September, Christmas week & Easter week
Mid Season - April, May, June & October
Low Season - January, February, March, November & December
Based on your example, if you chose to rent out your property ONLY during the fourteen "high season" weeks of the year (which leaves you the other 7-8 months to use your house in Spain) you could earn a total of €4thousands_sep900
If you anticipate a yearly mortgage cost of €0
This means your actual expense each year would be €-4thousands_sep900
WHICH MEANS YOU ARE ACTUALLY MAKING A PROFIT!
Therefore this makes a more expensive apartment more affordable!
Note: The previous calculations are approximations and close estimates to what you will be able to reap from rentals. They do not encompas and rental maintenance fees or external charges. For more information please visit our Frequently Asked Questions pages.
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