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Rental yield calculator for Spain (gross, net, cash flow)

Free calculator: gross yield, net yield, return on down payment and monthly cash flow of a buy-to-let in Spain, including non-resident tax.

Tax in year 1: €0. Deductible mortgage interest falls every year, so tax rises: around year 10, about €106 a year and a cash flow of €-231 a month (same rent).

Monthly breakdown

Assumptions: insurance €250 a year, maintenance 5% of rent collected, agency 8% (untick if you manage it yourself). The same as in the analysis tool.

How it is calculated

• Gross yield = annual rent ÷ purchase price.
• Net yield = (rent for months let − community fees − IBI − insurance − maintenance − agency) ÷ (price + buying costs), before tax and without the loan.
• EU/EEA non-resident tax: 19% of net income after deducting costs, mortgage interest and depreciation (3% a year of the building, estimated at 50% of the price). Non-EU: 24% of gross rent. Resident: 50% reduction (residential letting), then an assumed 30% marginal bracket. The tax shown is for year 1: it rises afterwards.
• Cash flow = rent − costs − tax − mortgage payments, per month. Return on down payment = annual cash flow ÷ (down payment + buying costs). These are asking rents, not signed rents.