3-bed apartment in Saint-Raphaël
3-bed apartment in Saint-Raphaël — image 23-bed apartment in Saint-Raphaël — image 33-bed apartment in Saint-Raphaël — image 43-bed apartment in Saint-Raphaël — image 5
Grade A+apartment

3-bed apartment in Saint-Raphaël

Saint-Raphaël · département 83 · Côte d'Azur

€199,500

Asking Price (EUR)

5.4%

Net Yield (managed, after tax, all-in)

8.2%

Self-managed (after tax, all-in)

17.6%

Gross Yield (on all-in cost)

49%

Occupancy (modelled, annual)

Net yield is what a fully-managed non-resident owner keeps after French income tax at the non-resident minimum rates and social charges — here under the LMNP régime réel, on the net letting profit after depreciation of the building (75% of the price over 30 years) and the furniture (over 7 years), €6,130 a year, which cannot create a loss — divided by the all-in acquisition cost. It assumes the owner keeps LMNP réel accounts, and since loi n° 2025-127 art. 84 the depreciation deducted is added back to the taxable capital gain on resale, so it defers tax rather than removing it. Financing is not modelled. Confirm the regime with a French expert-comptable.

Projected Gross Revenue: €39,457/yr
Nightly Rate: €220implied by the gross revenue and the occupancy
Income tax (non-resident, régime réel on the net letting profit): €3,734/yr
Payback (managed, after tax): 18.6 years
Brixfox Score: 97.3 / 100
Comparable Airbnbs: 34
Data Confidence: 94%
Season curve: Côte d'Azur

True Investment Cost

Price + the droits de mutation, the notary’s regulated fees and disbursements, any agency fee charged on top, and furnishing.

€224,194

+12.4% over asking

Asking price€199,500
Droits de mutation — département (5.00%, département 83)€9,975
Droits de mutation — commune (1.2%)€2,394
State collection fee (frais d'assiette)€236.41
Notary emoluments (regulated scale, incl. 20% VAT)€2,390
Contribution de sécurité immobilière€199.5
Notary disbursements & formalities€1,500
Furnishing & short-let launch€8,000
All-in investment€224,194

Where the listing does not say who pays the agency, the fee is taken to be inside the advertised price and the droits de mutation are charged on the full price, the conservative case. Budget extra for diagnostics, a survey and a power of attorney if you will not sign in person.

Annual Operating Costs (fully managed)

The stored cost lines behind the net yield above.

Gross rental revenue€39,457
Conciergerie / rental management (incl. 20% VAT)−€9,612
Booking channel fees−€1,578
Cleaning & consumables (net of guest fee)−€1,973
Utilities (electricity, water, internet)−€2,000
Insurance (non-occupant owner, short let)−€350
Copropriété charges−€2,818
Maintenance reserve−€997.5
Taxe foncière−€839.21
TEOM (waste collection tax)−€276.25
Taxe d'habitation on a second home−€1,171
CFE (business property contribution)−€1,439
LMNP accounting & non-resident return−€600
Income tax (non-resident, régime réel on the net letting profit)−€3,734
Bedrooms: 3
Bathrooms: 1
Living area: 70.46 m²
Year Built: 1965
DPE (energy class): C
town

No registration stated

The listing states no registration number. That does not mean the property cannot be let: the rules are per commune.

Ask the mairie whether this commune requires a change-of-use authorisation and a registration number for a furnished tourist let, and whether either can be obtained for this property by a new owner. A number printed by the listing belongs to the current owner's declaration and does not transfer with the sale.

Energy rating (DPE): class C

The listing states energy class C. From 1 January 2034 every meublé de tourisme must be rated A to D (law 2024-1039 of 19 November 2024).

Description

ERA ML Immobilier vous propose à la vente ce bel appartement T4 transformé en T3, situé au 3eme étage sans ascenseur d'une résidence sécurisée, à proximité immédiate des commerces du centre-ville, calme, vue dégagée et traversant. Il se compose d'une entrée avec placard, d'une agréable pièce de vie semi-ouverte sur une cuisine équipée donnant sur un balcon, offrant un espace convivial et lumineux. L'espace nuit dispose de deux chambres, dont l'une bénéficie d'un accès direct à un balcon, ainsi que d'une salle d'eau avec WC. Une cave complète ce bien. De nombreuses places libres de stationnement. Un appartement fonctionnel et idéalement situé, à découvrir sans tarder ! Copropriété de 126 lots - dont 63 lots habitation. (Pas de procédure en cours). Charges annuelles : 960.00 euros. Sonia BITTARD (EI) Agent Commercial - Numéro RSAC : 937207120 - Fréjus.

Location

Approximate location — not the exact house

Saint-Raphaël, Côte d'Azur, France

Listed by ERA ML IMMOBILIER

Price
€199,500
Inquire
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3-bed apartment in Saint-Raphaël

Saint-Raphaël · Côte d'Azur · Ref BF-3462Source · ERA ML IMMOBILIER · listed 18 Oct 2026
Asking price
€199,500
Net yield
5.4%
Fully managed · Non-resident tax
Bedrooms
3
Bathrooms
1
Built area
70.46 m²
Condition
Good, lived-in
(from the photos)
Brixfox Score 97 · A+Financial analysis ↓

No registration stated

The listing states no registration number. That does not mean the property cannot be let: the rules are per commune.

Ask the mairie whether this commune requires a change-of-use authorisation and a registration number for a furnished tourist let, and whether either can be obtained for this property by a new owner. A number printed by the listing belongs to the current owner's declaration and does not transfer with the sale.

Energy rating (DPE): class C

The listing states energy class C. From 1 January 2034 every meublé de tourisme must be rated A to D (law 2024-1039 of 19 November 2024).

Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
5.4%
€12,069 net operating income /yr
Gross yield · all-in basis
17.6%
−12.2 pts in operating costs & local taxes
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Saint-Raphaël — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is the expected BOOKED rate — nearby asking prices corrected by our measured, market-calibrated asking-to-booked factor. Occupancy is calibrated against tracked reference homes nearby. Comp cards below show raw asking prices.
Expected ADR
€220
Expected booked rate (market-calibrated)
Expected occupancy
49%
Full-year estimate, market-calibrated
Projected annual revenue
€39,457
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Aug +55% · Low Jan -45%
J
F
M
A
M
J
J
A
S
O
N
D
Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
€
Acquisition costs· 8.4% of price, auto-calculated
€16,694
Droits de mutation (département)€9,975
Droits de mutation (commune)€2,394
State collection fee (frais d'assiette)€236
Notary emoluments (regulated scale, incl. VAT)€2,390
Contribution de sécurité immobilière€200
Notary disbursements & formalities€1,500
Renovation budget· no measured France basis — enter your own quote
€
Furniture & STR launch
€
All-in investment
€224,194
+12.4% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
€39,457
Conciergerie / rental management (incl. 20% VAT)
−€9,612
Booking channel fees
−€1,578
Cleaning & consumables (net of guest fee)
−€1,973
Utilities (electricity, water, internet)
−€2,000
Insurance (non-occupant owner, short let)
−€350
Copropriété charges
−€2,818
Maintenance reserve
−€998
Taxe foncière
−€839
TEOM (waste collection tax)
−€276
Taxe d'habitation on a second home
−€1,171
CFE (business property contribution)
−€1,439
LMNP accounting & non-resident return
−€600
Income tax (non-resident, régime réel)
−€3,733
Net operating income
€12,069/yr
Net yield on all-in investment
5.4%

Income tax is the non-resident minimum rate (20% to €29,579, 30% above) plus social charges, under the LMNP régime réel on the net letting profit after depreciation of the building (75% of the price over 30 years) and the furniture (over 7 years), €6,130 a year here, which cannot create a loss. It assumes the owner keeps LMNP réel accounts, and since loi n° 2025-127 art. 84 the depreciation deducted is added back to the taxable capital gain on resale, so it defers tax rather than removing it. Social charges are 18.6% for an owner insured outside the EEA, Switzerland and the UK and 7.5% inside; the tax line names the rate this listing is priced at. Whether a second home may be let to tourists at all is the commune's decision: many require a change-of-use authorisation (changement d'usage) and a registration number, granted per owner and not transferred with the sale, so ask the mairie before buying. Financing is not modelled.

Rental yield + value growth

Your net rental yield plus a yearly rise in the property's market value (land and building) that you choose. Value growth is an assumption, not data — which is why it starts at 0% and is kept out of the yield figures above.
Property value growth per year · your assumption0%
0%2% · Brixfox model assumption8%
Yield + value growth
5.4%/yr
5.4% net yield + 0% value growth
Value growth figures are illustrative only. The marker is the yearly growth Brixfox's model assumes for this market, not measured local price history; local supply, regulation and currency moves can materially change outcomes. Not financial advice.

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Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Saint-Raphaël · Côte d'Azur

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

97A+
LocationNot rated
Saint-Raphaël, Côte d'Azur — rated in the BrixfoxScore location pillar
Rental YieldStrong
5.4% net yield on all-in cost
OccupancyAverage
49% average occupancy
Nightly RateAverage
€220 per night
Visual AppealAverage
5/10 visual appeal
Size & SpaceAverage
70 m² interior
STR RegistrationPending
No registration number stated by the listing — ask the mairie
Energy rating (DPE)Good
DPE C stated by the listing (not verified)
TenureGood
Full ownership (pleine propriété)
Strong net yield at 5.4% (fully managed, on all-in cost) — outperforms most apartments in this market
Occupancy at 49% — factor in seasonal gaps
ADR of €220 limits revenue ceiling — consider repositioning potential

Strong score for this market. A 5.4% net on all-in cost is above most French listings; check the stored costs and the seasonal pattern before relying on it.

Risk & what-if

ScenarioOccupancyNet income /yrNet yield
-19 pts occupancy30%€5,5872.5%
-9 pts occupancy40%€9,0884.1%
Expected49%€12,0695.4%
+10 pts occupancy59%€15,3606.9%

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost

TenureFreeholdno lease decay · no amortisation
Payback18.6 yearsfrom net rent at the expected case
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Source · ERA ML IMMOBILIER

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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.Data sources & methodology ›

French yields are the figures Brixfox stores for each listing, and the Financial analysis P&L above reproduces them line by line. The rent is an estimate from the Airbnb listings Brixfox tracks nearby: their asking rates corrected to a booked rate and their occupancy read from their calendars, annualised on a seasonal curve. It is not this home’s own record, and a projection resting on few comparables or an area-level pin is marked indicative. The costs are the listing’s own lines: the conciergerie and the accounting (the self-managed view drops both), booking channels whoever manages, cleaning, utilities, insurance, copropriété charges, the taxe foncière, TEOM, the second-home taxe d’habitation, the CFE and a maintenance reserve, less the non-resident income tax and social charges (LMNP régime réel, after a depreciation allowance that cannot create a loss and is added back to the taxable gain on resale), on an all-in cost that includes the droits de mutation and the notary. The cost lines are the listing’s stored ones; the price and the growth assumption can be changed above. Market factors in France may impact actual yields.