Arganzuela · Madrid
Rental yield in Legazpi
Legazpi is an expensive area for Madrid, with a low rental yield and a Total Return below the city average. Here is what a typical flat in Legazpi costs to buy and rent, and the Total Return (IRR) it delivers, compared with Arganzuela and the rest of Madrid.
Sale price
5,889
€/m² · second-hand homes
Rent
19.4
€/m² per month · market rate
Gross yield
4.0%
annual rent ÷ price
Total Return
9.3%
10-year IRR · typical flat
Appreciation
+6.1%
a year, 10-15 year history
Cash flow
-€574
per month, year 1, after tax
What the data says
Legazpi is a neighbourhood in the Arganzuela district of Madrid. The reference sale price is €5,889/m², based on the 2025 registry statistics (Madrid City Council): 22% above the Madrid median (€4,808/m²) and 3% above its district median (€5,741/m²). It ranks 41 of 130 neighbourhoods in Madrid by price and 2 of 7 within Arganzuela.
The achievable market rent is around €19.4/m² per month (the neighbourhood's own figure; idealista asking rents adjusted to achievable rent): about €1,552 a month for a typical 80 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 4.0%, 0.7 points below the city median (4.7%): rank 90 of 130 by gross yield.
With a 70% mortgage at 3.80% over 25 years and a sale after 10 years, the estimated Total Return (IRR) for that typical flat is 9.3%, below the Madrid median (9.8%). It takes about €172,110 of cash (deposit, taxes and costs), and first-year cash flow after tax is -€574 a month.
Asking prices in the Arganzuela district have grown by an average of 6.1% a year over the last 10 and 15 years (idealista, December 2025). Historical, not a forecast: it is the appreciation the modelled sale assumes.
A typical flat in Legazpi
The same standard assumptions as the CasaROI map: change the mortgage, term or tax profile in your account and the Total Return is recalculated for your case.
- Size
- 80 m²
- Purchase price
- €471,120
- Monthly rent
- €1,552
- Cash needed · deposit + transfer tax + costs
- €172,110
- Monthly cash flow (year 1)
- -€574
- Total Return (IRR)
- 9.3%
Assumptions: 70% mortgage over 25 years at 3.80%, sale after 10 years, Spanish tax resident at a 37% marginal rate, no renovation.
Neighbourhoods in Arganzuela, ranked by gross yield
Frequently asked questions
How much does a square metre cost in Legazpi?
€5,889/m² on average, based on the 2025 registry statistics (Madrid City Council). A typical 80 m² flat costs about €471,120, 22% above the Madrid median.
How much is rent in Legazpi?
Around €19.4/m² per month at market rates: €1,552 a month for a 80 m² flat, with no legal cap.
Is Legazpi a good buy-to-let investment?
The gross yield is 4.0% (Madrid median: 4.7%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 9.3% against a city median of 9.8%. It depends on your financing and tax residency: with your own profile the number can change.
Is Legazpi in a stressed rental zone?
No. Madrid is not a declared stressed rental zone: rents are set by the market, with no legal cap.
Buying in Legazpi?
Paste the listing and we tell you whether it holds up at that price: legal rent, taxes, red flags and a verdict.
Sources and method
- Sale: Estadística Registral · Ayuntamiento de Madrid (precio declarado, neighbourhood) · MITMA city anchor 4212 €/m² (2024)
- Rent: idealista · neighbourhood rent adjusted to achievable rent (×0,95)
- Appreciation: average of the 10- and 15-year rates of the area's asking price — historical, not a forecast