What is included in the ROI calculation?

The calculator factors in purchase price, rental income, operating expenses, vacancy rate, mortgage costs, and property appreciation to give you a comprehensive return on investment.

What is a good rental ROI?

In most European markets, a gross rental yield of 4-6% is considered average. After expenses, a net ROI above 3-4% is generally considered good, though this varies by city and risk profile.

Should I include mortgage costs in the ROI?

Yes — including mortgage payments gives you the cash-on-cash return, which reflects the actual return on your invested capital (down payment) rather than the total property value.

How does appreciation affect ROI?

Property appreciation can significantly boost total ROI over time. However, it is speculative — the calculator lets you set your own appreciation rate so you can model conservative and optimistic scenarios.

Real Estate ROI Calculator Spain

Find out the real net yield on a rental property after all expenses.

Property details

Purchase price (€)

Property type

Acquisition costs (%)

Typically 10–12% in Spain (ITP or VAT + notary + registry)

Rental income

Monthly rent (€)

Annual expenses

Community / HOA fees (€) · per month

IBI (property tax) (€) · per year

Home insurance (€) · per year

Maintenance & repairs (€) · per year

Vacancy months per year1 mo

Yield breakdown

Enter your property details to see the yield breakdown.

How the real estate ROI calculator works

Enter the property price and rental income to see what your investment actually earns after all costs.

Enter the property price

Include the purchase price and typical acquisition costs. In Spain, expect 10–12% on top: ITP or VAT (depending on new vs. second-hand), notary, and land registry fees.

Add your annual expenses

Include all recurring costs: community fees, IBI, insurance, maintenance, and any months the property sits empty. These are the costs most calculations ignore.

See your real yield

The calculator shows gross yield (before expenses) and net yield (after all expenses). The net is what actually goes into your pocket — and it's typically 2–3 points lower than the gross.

Track your properties in Arfin

Arfin's property module lets you track purchase price, mortgage, rental income, and expenses — and includes your property in your total net worth dashboard.

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