🇮🇹 Italy Rental Yield Calculator
Italy-specific calculator with cedolare secca tax regime selector, IMU municipal tax, spese condominiali, and full purchase cost modelling. Results update in real time.
Inserisci il prezzo di acquisto concordato (esclusi i costi di transazione)
Affitto mensile previsto per un appartamento di 80 m²
La cedolare secca sostituisce l'IRPEF. Il canone concordato richiede un contratto di locazione a canone registrato.
L'IMU è calcolata sul valore catastale (approssimato al 50% del prezzo di acquisto). Imposta l'aliquota del tuo comune.
Spese condominiali tipiche: €100–250/mese
Include imposta di registro (9%), notaio (~2%), agenzia (3–5%). Tipicamente 10–13%.
Percentuale dell'anno in cui l'immobile è sfitto. Media Italia: 4–8%.
Costo annuo di manutenzione in % del prezzo di acquisto. Tipicamente 0,5–1,5%.
Rendimento netto (sull'investimento totale)
2.79%
Al netto di imposte, IMU, spese, manutenzione e sfitto
Rendimento lordo
7.20%
Sul prezzo di acquisto
Flusso di cassa mensile
€521
Al netto di tutti i costi
Dettaglio costi annuali
Riepilogo investimento
L'IMU è calcolata su un valore catastale approssimato (50% del prezzo di acquisto). I valori catastali effettivi variano significativamente per immobile e comune. Consulta un commercialista per calcoli precisi. Questo strumento è solo a scopo di stima — non costituisce consulenza fiscale o finanziaria.
Frequently asked questions
What is cedolare secca in Italy?
Cedolare secca is a flat-rate substitute tax on rental income that replaces the standard IRPEF income tax. The standard rate is 21% for free-market contracts (canone libero). Landlords who sign a regulated 'agreed rent' contract (canone concordato) qualify for the reduced rate of 10%, although their rent is capped below market levels. Short-term lets on a second property are subject to 26% withholding from 2024.
What is IMU and how much is it?
IMU (Imposta Municipale Unica) is an annual property tax paid to the municipality. Primary residences are exempt. Investment properties and second homes are taxed at rates set locally, ranging from 0.4% to 1.06% of the cadastral value. The cadastral value is typically well below market value — often 30–60% — so the actual annual tax burden is moderate.
What are spese condominiali?
Spese condominiali are the shared maintenance costs for apartment buildings in Italy — covering cleaning, lift servicing, garden upkeep, and administration. Ordinary costs typically run €100–250/month for a standard apartment. Extraordinary repairs (roof, facade) are levied separately and can be substantial. Landlords bear most ordinary costs unless contractually transferred to the tenant.
What is a good net rental yield in Italy?
In Italy, a net yield of 4–5% after tax, IMU, and running costs is considered solid. Southern cities like Palermo, Catania, and Reggio Calabria show gross yields of 8–9% but carry higher vacancy and liquidity risk. Northern cities like Milan and Venice typically yield 5–5.5% gross but offer more stable, liquid markets. A net yield above 4% with cedolare secca tax applied is generally considered worthwhile for a long-term hold.
How much are purchase costs in Italy?
Total acquisition costs on an existing residential property typically run 10–13% on top of the purchase price. This includes: registration tax (imposta di registro) of 9% of the cadastral value (or 2% for a primary residence), notary fees of 1–2.5%, and estate agent commission of 3–5% (charged to both buyer and seller in many cases). New-build apartments attract VAT of 4–10% instead of registro tax.