Estimated Internal Rate of Return (IRR): 9.59%
in a property located in Alicante
Sold
Ático Abad
Alicante
Funded
148.031 € (100%)
Total
148.031 €
176 investors
Sold
Total operation amount
148.031,02 €
Mortgage
0,00 €
Total to fund
148.031,02 €
Internal Rate of Return (IRR)
9,59 %
Gross rental yield
11,88 %
Net rental yield
5,33 %
Cash on Cash
6,27 %
Financial return (ROE)
5,33 %
Investing in this product involves the risk of losing some or all of the capital invested. Past or estimated returns do not guarantee future returns.
Total operation: Total investment in the project.
Mortgage: Bank financing that will be requested to carry out the project.
Total to fund: Funding requested from investors.
IRR: Return offered by the investment.
Gross rental yield: Total annual rental income from the property divided by the total cost of the operation.
Net rental yield: Investor rental return (after deducting all project costs) relative to the total operation.
Cash on Cash: Income obtained by the shareholder relative to their investment.
ROE: Net financial return for the shareholder.
Renovation / works
4.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated cash-on-cash return: 6.27%
we expect high occupancy ratios
Acquired 20% below the average price
which, according to our estimates, could make it easier to sell
Apartment information
This is an apartment in good condition, which can receive guests. It also has other features worth highlighting:
1. Its huge private terrace has views of Santa Bárbara Castle.
2. It is right in the historic center, surrounded by restaurants, bars and the main points of interest of the city. It is 5 minutes on foot from the beach and the main tourist attractions, and it is a zip code that, according to the data we use, has a high degree of occupancy and income and less seasonality: the "Casco Antiguo".
3. The apartment has been operating as a vacation rental property, and, with the previous experience we have in Alicante, we expect it to generate income, although there is no certainty about its return.
4. The apartment is fully furnished and in good condition, although we will improve the interior decoration of the property and especially of the terrace.
5. Although it is located in a lively area, the apartment is quiet since the street is secluded. During the day, you only have to open the balcony to enjoy the sun and the breeze, and go down to the street to enjoy the restaurants and bars of the area.
6. The apartment has a valid license.
7. The location of the apartment is key to understanding its value. The walking distances to the main points of interest of the city are:
- San Nicolás Co-Cathedral: 210 meters away: 2 minutes' walk.
- Plaza del Ayuntamiento: 220 meters away: 3 minutes' walk.
- Plaza de Santa María 300 meters away: 4 minutes' walk.
- Central Market 390 meters away: 5 minutes' walk.
- “El Postiguet” beach 600 meters away. 7 minutes' walk.
- Santa Bárbara Castle: 850 meters. 14 minutes' walk
Technical specifications
City
Alicante
Neighborhood
Sant Cruz
Year built
1998
Cadastral reference
0174308YH2407C0005QO
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
51
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Terrace with views
of Santa Bárbara Castle
Casco Antiguo
district with tourist demand
District with vacation rental demand
with high average income and occupancy, according to our data.
Documentation
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Issues
- 19/01/24: a special assessment has been approved to improve the facade in order to obtain the ITE (technical building inspection). Our property must pay 4,241 euros. This renovation could increase the value of the property. Brickstarter is advancing the money. We attach the minutes.