Estimated gross rental yield: 11.48%
Estimate based on vacation rental.
Sold
Calle Mayor - Alicante
Alicante
Funded
154.466 € (100%)
Total
154.466 €
50 investors
Sold
Total operation amount
154.465,60 €
Mortgage
0,00 €
Total to fund
154.465,60 €
Internal Rate of Return (IRR)
9,79 %
Gross rental yield
11,48 %
Net rental yield
5,55 %
Cash on Cash
5,55 %
Financial return (ROE)
5,55 %
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.
Estimated term
4 years
Why invest in this apartment?
Vacation-use building
It is located in a vacation building.
Estimated IRR = 9.79% per year.
Estimate after deducting the expected expenses.
Apartment information
This first property in Alicante has the following characteristics:
1. First, because of the property's location, since Calle Mayor is one of the main arteries of the city's tourist center. Full of restaurants, bars and leisure venues. A few meters from the seafront promenade, the port and Postiguet beach. Likewise, zip code 03002 is, according to our analysis, the area with the lowest seasonality and the highest daily income for all property types.
2. This is an apartment that is being acquired (once taxes, acquisition costs and furniture are included) below the market price, according to our estimates.
3. The property is located in a vacation building, which reduces, in principle, uncertainty, although changes in vacation rental regulations cannot be ruled out.
4. The home is very bright, with two large balconies overlooking Calle Mayor itself, and has an elevator.
5. It is a relatively new property, since its construction was completed in 2012.
With regard to the proposed financial transaction, we can summarize:
1. It has an estimated IRR above 9%.
2. Estimated net rental rate: 5.5%
3. The planned sale (exit) price is €180,000, an amount that, according to our estimates, could offer the final investor an estimated return, and that could also be affordable for a large number of investors, which could make it easier to sell.
Technical specifications
City
Alicante
Neighborhood
Santa Cruz
Cadastral reference
0172310YH2407C0013PF
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
60
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
In the “Barrio Santacruz”
Just a few meters from the City Hall and the Cathedral, one of the neighborhoods most in demand among tourists.
Calle Mayor
Pedestrian and with outdoor terraces, one of the main arteries of the neighborhood.
Playa Postiguet
Just 200 meters from the beach.