An income-generating property, or immobile a reddito, is a real estate asset purchased specifically to produce rental returns rather than serve as a primary residence. In Italy, this classification carries immediate tax implications — even properties left vacant are assigned a cadastral income by the Italian tax authority, making them taxable income-generating assets regardless of whether rent is actually collected. Short-term lets in cities like Rome and Milan can generate substantial yields, though rental income is taxed in Italy even for non-resident owners, irrespective of any double taxation treaty.