Suited to "coliving" rental
with 5 bedrooms and 2 bathrooms
Under Management
Dagniol
Alicante
Funded
117.008 € (100%)
Total
117.008 €
388 investors
Under Management
Total operation amount
117.007,67 €
Mortgage
0,00 €
Total to fund
117.007,67 €
Internal Rate of Return (IRR)
11,20 %
Gross rental yield
10,26 %
Net rental yield
5,49 %
Cash on Cash
7,31 %
Financial return (ROE)
5,49 %
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
14.000 €
Estimated term
5 years
Why invest in this apartment?
Rental demand
There is a lot of interest in this kind of apartment in Alicante
Good condition
No need for a big renovation
Apartment information
It is a property of 85 square meters, which we will modify through a small renovation to obtain 5 bedrooms, 2 full bathrooms and a large equipped kitchen that functions as a dining room. The property will be rented on a "coliving" basis, for which it is suited due to its location, size and number of rooms, which could contribute to its profitability.
- Price: Acquired at an average of €1,000 per square meter, 32% below its market price, according to our estimates.
- Condition: It is in good condition, and no major renovation is needed. We are only going to adapt it to obtain 2 bedrooms and an additional bathroom, adapting it to room-by-room rental.
- Typology: It will have 5 bedrooms and 2 bathrooms, all of them with exterior light, and 2 with a large private balcony.
- Residential use. We do not depend on administrative licenses.
- Potential: According to our estimates, given its acquisition price and its 5 bedrooms, this type of investment could achieve returns of more than 10%, although actual returns may differ. However, in our business plan we have contemplated a lower price per room to favor occupancy. This could leave room for improvement in terms of profitability.
- Location: Very close to downtown, in a residential neighborhood with all kinds of stores, services and leisure areas:
- Library: 1 minute (70 meters)
- Supermarket: 2 minutes (140 meters)
- Auditorium: 4 minutes (280 meters)
- CEIP Campoamor: 5 minutes (400 meters)
- San Juan de Dios Square: 6 minutes (450 meters)
- Historical center: 10 minutes (800 meters)
- El Tossal (Park): 12 minutes (900 meters)
- Archaeological Museum of Alicante: 12 minutes (900 meters)
- F.C Hércules Stadium: 13 minutes (900 meters)
- Postiguet Beach: 15 minutes (1,300 meters)
Technical specifications
City
Alicante
Neighborhood
Campoamor
Year built
1971
Cadastral reference
9983404YH1498D0005YD
Property type
Coliving
Investment type
Residential
Square meters
85
No. of bedrooms
5
No. of bathrooms
2
Manager
Brickstarter
Developer
Brickstarter
Very close to the historic center
Less than a 10-minute walk to the city center
Well connected by public transport
good connections to other parts of the city
Residential neighborhood with its own amenities
Cafes, restaurants, supermarkets, shops, etc.
Documentation
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