Appartamento su due piani in sp s.n.c, Monterosso al Mare
Appartamento su due piani in sp s.n.c, Monterosso al Mare — image 2Appartamento su due piani in sp s.n.c, Monterosso al Mare — image 3Appartamento su due piani in sp s.n.c, Monterosso al Mare — image 4Appartamento su due piani in sp s.n.c, Monterosso al Mare — image 5
Grade B+apartmentmid-range

Appartamento su due piani in sp s.n.c, Monterosso al Mare

Cinque Terre · La Spezia · Liguria

€180,000

Asking Price (EUR)

5.4%

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

11.3%

Self-managed (after tax, all-in)

19.8%

Gross Yield (on all-in cost)

48%

Occupancy (modelled, annual)

Net yield is what a fully-managed owner of one let property keeps after the cedolare secca — the flat 21% tax on GROSS rent, owed whatever the costs — divided by the all-in acquisition cost. A second let property is taxed at 26%, and from the third the letting is a business. Confirm the treatment with an Italian commercialista.

Projected Gross Revenue: €42,156/yr
Nightly Rate: €239implied by the gross revenue and the occupancy
Cedolare Secca (21% of gross): €8,853/yr
Payback (managed, after tax): 18.6 years
5-yr Capital Value: €203,653
10-yr Capital Value: €230,415
Brixfox Score: 68.1 / 100
Comparable Airbnbs: 76
Data Confidence: 90%
Search Radius: 2 km
Season curve: Liguria

True Investment Cost

Registration tax or VAT + notary + your own agency commission + legal + furnishing.

€212,794

+18.2% over asking

Asking price€180,000
Imposta di registro (9% of the cadastral value)€8,200
Notary€2,956
Buyer’s agency commission (incl. 22% VAT)€6,588
Legal fees (incl. 22% VAT)€3,050
Furnishing€12,000
All-in investment€212,794

On a resale from a private seller the imposta di registro is charged on the cadastral value, not the price; we do not know a listing’s rendita catastale, so it is modelled at half the price, above the national average, which errs towards a higher tax and a lower yield. In Italy the buyer pays their own agency commission. Budget extra for a survey, translation 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€42,156
Rental management−€11,315
Booking channel fees−€1,686
Cleaning & consumables−€2,108
Utilities (electricity, gas, water, internet)−€1,500
IMU (municipal property tax)−€1,020
TARI (waste tax)−€333
Maintenance reserve−€900
Insurance−€300
Condominio fees−€1,500
Commercialista & tax filing−€1,200
Cedolare secca (21% of gross)−€8,853
Bedrooms: 1
Bathrooms: 2
Building: 74 m²
Style: mediterranean-traditional
Condition: good
Energy Class: C
Private Pool
mountain

No CIN stated

The listing prints no CIN and says nothing about short-term letting, which is the norm for an Italian for-sale advertisement: an open question for the agency, not a red flag. The regional code and the national CIN are filed per unit under the buyer’s own codice fiscale once the sale completes.

Italy requires a national CIN (Codice Identificativo Nazionale) for every short-term let, on top of the regional code. Since May 2026 Airbnb and Booking delist listings without a valid CIN; operating without one carries fines of EUR 800-8,000. Regional registration for this property sits with Liguria Ross1000 (CIR/CIN). From the third short-let property the activity is classed as a business (Partita IVA, social contributions, no cedolare secca). Brixfox models a single-property, non-professional owner.

A CIN is issued for a unit to the person who operates it, and it does not pass with the sale: the buyer files the regional code and the national CIN again under their own codice fiscale. Have an Italian commercialista confirm the comune still accepts new short-term lets (Florence and Venice cap them in their historic centres) before underwriting rental income.

Design Features

large communal poolmountain viewsflowering plants

Score Breakdown

ROI
19.14
Visual Appeal
11.8
Ownership Security
13
Location
9.84
Land & Space
3.48
Rental Demand
4.84
Payback Speed
4
STR Suitability
2

Description

RESIDENZA OASI D'ESTATE - LOCALITA' PUIN, PIGNONE, LA SPEZIA Immerso nella quiete delle colline dell'entroterra ligure, il Villaggio del Puin rappresenta una piccola oasi di pace dove il tempo sembra rallentare, lasciando spazio al relax, al silenzio e al contatto con la natura. Questo riservato comprensorio, si trova a pochi minuti dal centro di Pignone e regala un'atmosfera autentica, fatta di boschi, aria pulita e piacevoli brezze che rendono il clima gradevole anche durante le giornate più calde dell'estate. In appena 5 minuti di auto si raggiunge Pignone, mentre le splendide spiagge di Monterosso al Mare distano solamente 20 minuti e il centro della città della Spezia è raggiungibile in circa 40 minuti. Una posizione che unisce perfettamente tranquillità e praticità, permettendo di vivere la natura senza essere isolati. La proprietà proposta in vendita, di complessivi 64 mq commerciali, si sviluppa su due livelli ed è situata al primo piano del complesso. L'accesso avviene attraverso un comodo poggiolo privato, ideale per essere arredato con un tinello e vivere piacevoli momenti all'aperto. L'ingresso conduce ad una luminosa zona giorno, valorizzata dall'affaccio sul terrazzo principale, perfetto per pranzi, cene o semplicemente per godersi il panorama circostante. Completa il piano un bagno finestrato con doccia. Una scala interna accompagna al piano mansardato, dove trovano spazio la camera matrimoniale, caratterizzata da una piacevole vista sulla piscina condominiale, e un secondo bagno anch'esso dotato di doccia, garantendo così comfort e funzionalità anche per famiglie o ospiti. Il complesso residenziale mette inoltre a disposizione dei condomini una splendida piscina, una piscina dedicata ai più piccoli, due docce solari per le giornate estive e ampie aree verdi e prendisole dove rilassarsi immersi nella tranquillità del contesto. Completano la proprietà un comodo garage e un posto auto privato. Questa soluzione rappresenta la scelta ideale per chi desidera una seconda casa dove ritrovare serenità e benessere lontano dal caos cittadino, per le famiglie alla ricerca di un luogo sicuro e immerso nella natura in cui trascorrere il proprio tempo libero oppure per chi desidera effettuare un investimento immobiliare in una posizione strategica, a breve distanza dalle Cinque Terre e da una delle località più ricercate della Riviera Ligure. READY TO CALL La tua nuova oasi di tranquillità ti aspetta. Contattaci oggi stesso per ricevere maggiori informazioni o prenotare una visita: potresti aver trovato il luogo perfetto dove vivere i tuoi momenti più belli.

Location

📍 44.1539°, 9.6676°

Approximate location — Idealista blurs its pins

Cinque Terre, Liguria, Italy

Listed by La Fenice Immobiliare - Cinque Terre

Price
€180,000
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Appartamento su due piani in sp s.n.c, Monterosso al Mare

Cinque Terre · Liguria · Ref BF-11124Source · La Fenice Immobiliare - Cinque Terre · listed 30 Sept 2026
Asking price
€180,000
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Italy ownership, tax and letting rules

Bedrooms
1
Bathrooms
2
Built area
74 m²
Brixfox Score 68 · B+Financial analysis ↓

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No CIN stated

The listing prints no CIN and says nothing about short-term letting, which is the norm for an Italian for-sale advertisement: an open question for the agency, not a red flag. The regional code and the national CIN are filed per unit under the buyer’s own codice fiscale once the sale completes.

Italy requires a national CIN (Codice Identificativo Nazionale) for every short-term let, on top of the regional code. Since May 2026 Airbnb and Booking delist listings without a valid CIN; operating without one carries fines of EUR 800-8,000. Regional registration for this property sits with Liguria Ross1000 (CIR/CIN). From the third short-let property the activity is classed as a business (Partita IVA, social contributions, no cedolare secca). Brixfox models a single-property, non-professional owner.

A CIN is issued for a unit to the person who operates it, and it does not pass with the sale: the buyer files the regional code and the national CIN again under their own codice fiscale. Have an Italian commercialista confirm the comune still accepts new short-term lets (Florence and Venice cap them in their historic centres) before underwriting rental income.

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.
Gross yield · all-in basis
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Cinque Terre — 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
€239
Expected booked rate (market-calibrated)
Expected occupancy
48%
Full-year estimate, market-calibrated
Projected annual revenue
€42,156
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Jul +56% · Low Jan -51%
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· 11.6% of price, auto-calculated
€20,794
Imposta di registro (9% of the cadastral value) + fixed taxes€8,200
Buyer-side agency commission (incl. IVA)€6,588
Legal, survey & translated deed€3,050
Notary (rogito, incl. IVA)€2,956
Renovation budget· no measured Italy basis — enter your own quote
€
Furniture & STR launch
€
All-in investment
€212,794
+18.2% 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
••••
Rental management
••••
Booking channel fees
••••
Cleaning & consumables
••••
Utilities (electricity, gas, water, internet)
••••
IMU (municipal property tax)
••••
TARI (waste tax)
••••
Maintenance reserve
••••
Insurance
••••
Condominio fees
••••
Commercialista & tax filing
••••
Cedolare secca
••••
Net operating income
••••
Net yield on all-in investment
••%

Income tax is the cedolare secca at 21% of gross rent, the rate for a non-professional owner letting one property: a second let property pays 26%, and from the third the letting is a business (Partita IVA, no cedolare secca). IMU (at the comune's published rate, or the median rate where it is not on file) and the registration tax rest on a cadastral value modelled from the price, as the listing states no rendita catastale; the visura catastale gives the real figure. 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%2.5% · Cinque Terre 5-yr avg — historical, not a forecast8%
Yield + value growth
••/yr
••% net yield + 0% value growth
Value growth figures are illustrative only. Past regional price growth does not predict future performance; local supply, regulation and currency moves can materially change outcomes. Not financial advice.
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Italy ownership, tax and letting rules

Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Cinque Terre · Liguria

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

68B
Location••••
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Rental Yield••••
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Occupancy••••
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Nightly Rate••••
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Visual Appeal••••
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Size & Space••••
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STR Registration••••
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Tenure••••
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Risk & what-if

ScenarioOccupancyNet income /yrNet yield
-18 pts occupancy30%••••••%
-8 pts occupancy40%••••••%
Expected48%••••••%
+10 pts occupancy58%••••••%

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost · upgrade to Pro to stress-test this yield

TenureFreeholdno lease decay · no amortisation
Payback7.2 yearsfrom net rent at the expected case
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Property Underwriting Report

PDF report · one-time purchase · this property

  • The page’s own figures, line by line
  • Every purchase cost and the all-in total
  • Occupancy and offer-price what-ifs
  • Italy ownership, tax and letting rules
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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 ›

ROI calculations use verified Brixfox Intelligence rental data. Operating costs are modelled per line — Airbnb/Booking channel fees whoever manages, then either a full-service management commission or the staff/local operations a self-managing owner buys back, cleaning residual, utilities & insurance, local taxes — with every rate editable in the Financial analysis P&L above. Gross revenue is identical in both management scenarios. Market factors in Italy may impact actual yields.