Rental Yield on a €300,000 Property in Spain (2026)
A €300,000 flat renting for €1,375 a month is a 5.5% gross yield, about 3.7% net after costs and tax for a resident in Madrid. To reach 6% gross you need €1,500 a month.
Assumes a 2026 resale flat in Madrid bought without a mortgage, IBI of €720 a year, a €90 monthly community fee, 5% vacancy, 5% maintenance, 2% closing costs and a Spanish resident taxed at 30% on rent after the 50% reduction. Change any of it in the calculator.
Net yield, resident
3.7%
after costs and tax, year 1
Gross yield
5.5%
€1,375 a month, €16,500 a year
Cash flow a month
€991
after costs and tax, no mortgage
Rent needed on a €300,000 property
Monthly rent for each target gross yield and the net yield it leaves, by tax status. The 5.5% row is the Spanish average.
| Gross yield | Rent a month | Rent a year | Net, resident | Net, EU/EEA | Net, non-EU |
|---|---|---|---|---|---|
| 4% | €1,000 | €12,000 | 2.6% | 2.6% | 1.8% |
| 5% | €1,250 | €15,000 | 3.3% | 3.3% | 2.5% |
| 6% | €1,500 | €18,000 | 4.0% | 3.9% | 3.1% |
| 7% | €1,750 | €21,000 | 4.7% | 4.6% | 3.7% |
| 8% | €2,000 | €24,000 | 5.4% | 5.3% | 4.3% |
| Item | Per year |
|---|---|
| Rent after 5% vacancy, minus running costs | €12,791 |
| Rental tax, Spanish resident | −€898 |
| Rental tax, EU/EEA non-resident (19%) | −€1,138 |
| Rental tax, non-EU non-resident (24% on gross rent) | −€3,762 |
| Net yield: resident / EU/EEA / non-EU | 3.7% / 3.6% / 2.8% |
| Purchase tax (ITP, Madrid) | €18,000 |
| Closing costs (2%) | €6,000 |
| Total invested | €324,000 |
| IRR over 30 years, incl. sale | 5.5% |
€300,000 property in every region
Net yield for a resident at €1,375 a month, best first. Madrid is highlighted. Only the purchase tax changes.
| Region | Purchase tax | Total invested | Net yield | Versus Madrid |
|---|---|---|---|---|
| Ceuta | €9,000 | €315,000 | 3.77% | +0.10 pp |
| Melilla | €9,000 | €315,000 | 3.77% | +0.10 pp |
| Basque Country | €12,000 | €318,000 | 3.73% | +0.06 pp |
| Madrid | €18,000 | €324,000 | 3.67% | reference |
| Navarre | €18,000 | €324,000 | 3.67% | +0.00 pp |
| Canary Islands | €19,500 | €325,500 | 3.66% | −0.02 pp |
| Andalusia | €21,000 | €327,000 | 3.64% | −0.03 pp |
| Cantabria | €21,000 | €327,000 | 3.64% | −0.03 pp |
| La Rioja | €21,000 | €327,000 | 3.64% | −0.03 pp |
| Murcia | €23,250 | €329,250 | 3.62% | −0.05 pp |
| Aragon | €24,000 | €330,000 | 3.61% | −0.06 pp |
| Asturias | €24,000 | €330,000 | 3.61% | −0.06 pp |
| Balearic Islands | €24,000 | €330,000 | 3.61% | −0.06 pp |
| Extremadura | €24,000 | €330,000 | 3.61% | −0.06 pp |
| Galicia | €24,000 | €330,000 | 3.61% | −0.06 pp |
| Castilla and Leon | €25,000 | €331,000 | 3.60% | −0.07 pp |
| Castilla-La Mancha | €27,000 | €333,000 | 3.58% | −0.09 pp |
| Valencian Community | €27,000 | €333,000 | 3.58% | −0.09 pp |
| Catalonia | €30,000 | €336,000 | 3.55% | −0.12 pp |
Frequently Asked Questions
What rent do I need for a good yield on a €300,000 property?
Annual rent = price × target gross yield. On €300,000: 4% needs €1,000 a month; 5% needs €1,250 a month; 6% needs €1,500 a month; 7% needs €1,750 a month; 8% needs €2,000 a month. Net yield is lower because of vacancy, IBI, community fees, insurance, maintenance and tax.
What is the net rental yield on a €300,000 property in Spain?
At €1,375 a month (5.5% gross) the net yield is 3.7% for a Spanish resident, 3.6% for an EU/EEA non-resident and 2.8% for a non-resident outside the EU/EEA, who is taxed on gross rent. The figures assume a Madrid resale flat, IBI of €720 a year, a community fee of €90 a month, 5% vacancy and 5% maintenance, with no mortgage.
How much cash do I need to buy a €300,000 property in Spain?
In Madrid, €18,000 of ITP and about €6,000 of closing costs bring the total to €324,000. Across the mainland regions the total ranges from €318,000 in Basque Country to €336,000 in Catalonia, because the transfer tax differs by region.
Is a 5.5% gross yield good in Spain?
It is close to the national average gross yield of about 5.5% (Global Property Guide, Q3 2026). After costs and tax it is 3.7% net on €300,000, so compare flats on net yield, not on the headline figure in the listing.
Rental yield by purchase price
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Estimate based on 2026 rules: regional ITP tables, art. 23.2 LIRPF reduction, IRNR rates of 19% and 24%. Rent is rounded to €5. Not tax advice. Last tax data verification: October 2026.