Latina · Madrid
Rental yield in Lucero
Lucero is an affordable area for Madrid, with a high rental yield and a Total Return above the city average. Here is what a typical flat in Lucero costs to buy and rent, and the Total Return (IRR) it delivers, compared with Latina and the rest of Madrid.
Sale price
3,258
€/m² · second-hand homes
Rent
18.1
€/m² per month · market rate
Gross yield
6.7%
annual rent ÷ price
Total Return
12.6%
10-year IRR · typical flat
Appreciation
+5.7%
a year, 10-15 year history
Cash flow
€122
per month, year 1, after tax
What the data says
Lucero is a neighbourhood in the Latina district of Madrid. The reference sale price is €3,258/m², based on the 2025 registry statistics (Madrid City Council): 32% below the Madrid median (€4,808/m²) and 4% below its district median (€3,387/m²). It ranks 108 of 130 neighbourhoods in Madrid by price and 6 of 7 within Latina.
The achievable market rent is around €18.1/m² per month (the neighbourhood's own figure; idealista asking rents adjusted to achievable rent): about €1,213 a month for a typical 67 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 6.7%, 2.0 points above the city median (4.7%): rank 21 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 12.6%, above the Madrid median (9.8%). It takes about €80,710 of cash (deposit, taxes and costs), and first-year cash flow after tax is €122 a month.
Asking prices in the Latina district have grown by an average of 5.7% 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 Lucero
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
- 67 m²
- Purchase price
- €218,286
- Monthly rent
- €1,213
- Cash needed · deposit + transfer tax + costs
- €80,710
- Monthly cash flow (year 1)
- €122
- Total Return (IRR)
- 12.6%
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 Latina, ranked by gross yield
| Area | €/m² | Rent €/m² | Gross | IRR |
|---|---|---|---|---|
| Los Cármenes | 3,487 | 20.6 | 7.1% | 13.3% |
| Lucero | 3,258 | 18.1 | 6.7% | 12.6% |
| Águilas | 3,216 | 17.6 | 6.6% | 12.5% |
| Campamento | 3,387 | 17.9 | 6.3% | 12.2% |
| Puerta del Ángel | 4,070 | 19.0 | 5.6% | 11.2% |
| Aluche | 3,377 | 15.9 | 5.6% | 11.2% |
| Cuatro Vientos | 4,320 | 18.6 | 5.2% | 10.5% |
Frequently asked questions
How much does a square metre cost in Lucero?
€3,258/m² on average, based on the 2025 registry statistics (Madrid City Council). A typical 67 m² flat costs about €218,286, 32% below the Madrid median.
How much is rent in Lucero?
Around €18.1/m² per month at market rates: €1,213 a month for a 67 m² flat, with no legal cap.
Is Lucero a good buy-to-let investment?
The gross yield is 6.7% (Madrid median: 4.7%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 12.6% against a city median of 9.8%. It depends on your financing and tax residency: with your own profile the number can change.
Is Lucero 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 Lucero?
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