Detached house in Calle Proyecto Sr-1 Nn, Formentera
Detached house in Calle Proyecto Sr-1 Nn, Formentera — image 2Detached house in Calle Proyecto Sr-1 Nn, Formentera — image 3Detached house in Calle Proyecto Sr-1 Nn, Formentera — image 4Detached house in Calle Proyecto Sr-1 Nn, Formentera — image 5
Grade B+villamid-range

Detached house in Calle Proyecto Sr-1 Nn, Formentera

Formentera · Formentera · Illes Balears

€2.4M

Asking Price (EUR)

STR Restriction Warning

Balearics ETV moratorium: new short-term-rental licences are frozen. An existing, transferable ETV is required to operate legally — verify the licence and its transferability with the agency.

2.9%

Net Yield (after tax, all-in)

indicative range 2.5–3.3%

2.9%

Managed ROI (after tax)

7.1%

Gross Yield

75%

Occupancy

Net yield is after Spain's non-resident rental income tax (modelled at the non-EU 24% rate on net profit; EU/EEA residents pay 19%) and assumes deductible STR expenses — standard for EU/EEA owners and, per recent rulings, available to non-EU owners; confirm with a Spanish tax adviser. Holiday lets don't qualify for the 60% long-term-rental reduction.

Projected Gross Revenue: €187,088/yr
Average Daily Rate: €738
Net Yield (after tax): 2.9%
Payback Period: 34.7 years
5-yr Capital Value: €2.7M
10-yr Capital Value: €3.2M
Brixfox Score: 68.4 / 100
Comparable Properties: 5
Data Confidence: 73%
Search Radius: 2 km

True Investment Cost

Spanish transfer tax + notary + registry + legal + furnishing & STR launch setup.

€2.7M

+12.8% over asking

Asking price€2.4M
itp€255,500
legal€12,100
furnishing€30,000
notary registry€2,500
All-in investment€2.7M

Estimates use Spain's resale transfer-tax (ITP) schedule by region plus notary, registry and legal fees; furnishing & STR launch covers furniture, appliances, the tourist-licence setup and launch photography. Actual notary & legal vary — budget extra for surveyor, due-diligence and bank-mortgage fees if financing. Working capital (2–3 months operating buffer) not included.

Bedrooms: 4
Bathrooms: 3
Building: 266 m²
Land: 6048 m²
Style: mediterranean-traditional
Condition: good
Energy Certificate: E
sea

STR Licence Status Unconfirmed

Short-term-rental licence unconfirmed — verify before purchase. In moratorium regions (Balearics ETV, Canaries VV) only an existing, transferable licence reliably permits Airbnb-style letting.

Design Features

traditional exposed wooden beamsrustic terracotta floor tilesbuilt-in fireplace with seatingtraditional red-framed windows and doors

AI Investment Summary

B+ investment in Formentera (Formentera). Score 68.4/100. Net yield 2.9% after tax | Occupancy 75% | ADR $738 | No STR licence on record

Score Breakdown

ROI
11.08
Visual Appeal
12
Ownership Security
13
Location
10.8
Land & Space
12
Rental Demand
7.5
Payback Speed
1
STR Suitability
1

Description

Exceptional Property: Charming Historic Finca near Illetas This is a charming old estate, in excellent condition, with a spacious annex and a large garage, the latter being of more recent construction. Located within the Illetas Natural Park in a protected and non-buildable area, it is 400 m from the beach and 1,200 m

Location

📍 38.7045°, 1.4310°

Formentera, Illes Balears, Spain

Listed by Casa y Entorno Inmobiliaria Formentera via Idealista.com
4-bedroom freehold villa in Formentera — photo 1 of 5
Idealista.com
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Detached house in Calle Proyecto Sr-1 Nn, Formentera

Formentera · Balearic Islands · Ref BF-1618Source · Idealista.com · listed 17 Jun 2026
Asking price
$2,674,101
Bedrooms
4
Bathrooms
3
Built area
266 m²
Land
6048 m²
Brixfox Score 68 · B+
Modelled from Airbnb listings we track across Formentera — live calendar data. Projections are estimates, not financial advice.

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What nearby Airbnbs actually earn

Brixfox tracks the live availability calendars of Airbnb listings around this property. The rates and occupancy below are observed from real bookings — this is the data behind every yield figure on this page.

Location

Formentera

Balearic Islands, Approximate area

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STR Restriction Warning

Balearics ETV moratorium: new short-term-rental licences are frozen. An existing, transferable ETV is required to operate legally — verify the licence and its transferability with the agency.

After-tax basis: net yield is after Spain's non-resident rental income tax, modelled at the non-EU 24% rate on net profit (EU/EEA residents pay 19%). Assumes deductible STR expenses — standard for EU/EEA owners and, per recent rulings, available to non-EU owners; confirm with a Spanish tax adviser. Holiday lets don't qualify for the 60% long-term-rental reduction.

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$840/night
50% ($420)Brixfox estimate($840/night)200% ($1,680)
Occupancy
75%
10%Brixfox estimate(75%)100%

Short-Term Rental

Indicative
Yearly income
$119,219
Likely range $71,532 – $166,906
Airbnb data$840/night · 75% occupancy
Rental income
$840/night · 75% occ.
$212,890
Running costs (20%)
Utilities, cleaning, maintenance
••••
Income tax (24%)
Non-EU IRNR on gross rent
••••
Net income
••% ROI
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Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Formentera.

$14.5M$10.9M$7.2M$3.6M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $2.4M
Capital appreciation
Property value growing at +4%/yr based on Formentera market trends.
Rental income
Cumulative net rental earnings collected over time, growing with annual revenue increases.
Total return
Capital value + rental income. Your actual total position if you sold and kept all rent.
Paid back
Year 18: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$2.9M
+22%
Rental Income
+$556K
Total Position
$3.4M
+45%
7.8%/yr
Year 10
Capital Value
$3.5M
+48%
Rental Income
+$1.2M
Total Position
$4.7M
+99%
7.1%/yr
Year 20
Capital Value
$5.1M
+119%
Rental Income
+$2.8M
Total Position
$8.0M
+239%
6.3%/yr
Year 30
Capital Value
$7.6M
+224%
Rental Income
+$5.0M
Total Position
$12.6M
+436%
5.8%/yr

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Villa Scorecard

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Risks & What-If

What if occupancy changes?

Owner Managed scenario

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Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Market factors in Spain may impact actual yields.