Terraced house in Calle de l'Alqueria Blanca, Secar de la Real, Palma de Mallorca
Terraced house in Calle de l'Alqueria Blanca, Secar de la Real, Palma de Mallorca — image 2Terraced house in Calle de l'Alqueria Blanca, Secar de la Real, Palma de Mallorca — image 3Terraced house in Calle de l'Alqueria Blanca, Secar de la Real, Palma de Mallorca — image 4Terraced house in Calle de l'Alqueria Blanca, Secar de la Real, Palma de Mallorca — image 5
Grade B+villamid-range

Terraced house in Calle de l'Alqueria Blanca, Secar de la Real, Palma de Mallorca

Palma · Palma · Illes Balears

€740,000

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.

6.9%

Net Yield (after tax, all-in)

indicative range 5.9–8.0%

6.9%

Managed ROI (after tax)

15.6%

Gross Yield

56%

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: €132,195/yr
Average Daily Rate: €702
-7.0% vs area baselineMediterranean-traditional style (+5%), No pool (-12%)
Net Yield (after tax): 6.9%
Payback Period: 14.4 years
5-yr Capital Value: €857,863
10-yr Capital Value: €994,498
Brixfox Score: 72.3 / 100
Comparable Properties: 5
Data Confidence: 67%
Search Radius: 4 km

True Investment Cost

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

€845,454

+14.3% over asking

Asking price€740,000
itp€64,000
legal€8,954
furnishing€30,000
notary registry€2,500
All-in investment€845,454

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: 126 m²
Style: mediterranean-traditional
Condition: good
Year Built: 1992
Energy Certificate: E

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

large covered terracetiled patio with decorative accentswooden beam ceiling on terrace

AI Investment Summary

B+ investment in Palma (Mallorca). Score 72.3/100. Net yield 6.9% after tax | Occupancy 56% | ADR $702 | No STR licence on record

Score Breakdown

ROI
22.86
Visual Appeal
10.2
Ownership Security
13
Location
10.2
Land & Space
4.52
Rental Demand
5.57
Payback Speed
5
STR Suitability
1

Description

We present this magnificent semi-detached property located in one of the most peaceful and sought-after areas of Palma de Mallorca, specifically in the charming neighborhood of Secar de la Real. This home has a total built area of 126 m2, thoughtfully distributed throughout the interior to provide comfort and functiona

Location

📍 39.6083°, 2.6381°

Palma, Illes Balears, Spain

Visit MALLORCASA →Listed via Idealista.com
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Terraced house in Calle de l'Alqueria Blanca, Secar de la Real, Palma de Mallorca

Palma · Balearic Islands · Ref BF-29567Source · MALLORCASA · listed 1 Jul 2026
Asking price
$842,057
View original listing
Bedrooms
4
Bathrooms
3
Built area
126 m²
Brixfox Score 72 · B+
Modelled from Airbnb listings we track across Palma — 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

Palma

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.

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Customize your projections
Nightly Rate (ADR)
$799/night
50% ($400)Brixfox estimate($799/night)200% ($1,598)
Occupancy
56%
10%Brixfox estimate(56%)100%

Short-Term Rental

Indicative
Yearly income
$84,239
Likely range $50,544 – $117,935
Airbnb data$799/night · 56% occupancy
Rental income
$799/night · 56% occ.
$150,427
Running costs (20%)
Utilities, cleaning, maintenance
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Income tax (24%)
Non-EU IRNR on gross rent
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Net income
••% ROI
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Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Palma.

$6.8M$5.1M$3.4M$1.7M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $740K
Capital appreciation
Property value growing at +4%/yr based on Palma 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 9: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$900K
+22%
Rental Income
+$393K
Total Position
$1.3M
+75%
11.8%/yr
Year 10
Capital Value
$1.1M
+48%
Rental Income
+$849K
Total Position
$1.9M
+163%
10.1%/yr
Year 20
Capital Value
$1.6M
+119%
Rental Income
+$2.0M
Total Position
$3.6M
+388%
8.2%/yr
Year 30
Capital Value
$2.4M
+224%
Rental Income
+$3.5M
Total Position
$5.9M
+700%
7.2%/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.