Estimated gross rental return
Estimated gross rental return: 12.95%. Estimate based on vacation rental income.
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Sold
Ático Santa María - Cádiz
Cádiz
Funded
162.784 € (100%)
Total
162.784 €
71 investors
Sold
Total operation amount
162.783,91 €
Mortgage
0,00 €
Total to fund
162.783,91 €
Internal Rate of Return (IRR)
9,95 %
Gross rental yield
12,95 %
Net rental yield
5,99 %
Cash on Cash
7,05 %
Financial return (ROE)
5,99 %
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
11.020 €
Estimated term
4 years
Why invest in this apartment?
Estimated IRR
Estimated IRR = 9.95% per year, after deducting expected expenses.
Cash on cash
Estimated return from rent: 7.05%.
Apartment information
It is not easy to find this type of property, due to its scarcity and its estimated potential for appreciation (in our estimate, it has been acquired below the market price). In this sense, we highlight other features of the property:
- Penthouses with terraces are, in our analysis, among the scarcest real estate assets in Cádiz and among the most sought-after. The terrace will be the main feature of the apartment and could allow us to offer distinctive services, which could in turn allow us to increase the rates per night.
- The property doesn’t have one terrace but two. The first is at the same level as the apartment and will have a table and a barbecue for outdoor dining. The second terrace has wide views of the city and will be where we place the sofas and hammocks for guests' use.
- The apartment is exterior and very bright.
- The penthouse is located in the historic center of Cádiz, in postal code 11005. The street is wide, bright and pedestrian, and is just a 3-minute walk from the Cathedral of Cádiz. The scarcity of land, by the very geography of Cádiz, could favor the appreciation of the apartment, although this is not certain.
- Due to the property’s characteristics, and the target customer we intend to attract, we estimate that income and occupancy ratios could be above average, although this is not certain.
- It’s a type of property in high demand due to the current limited supply. We have barely found x properties classified as "penthouse with terrace" and only x equipped with a Jacuzzi.
- Given the features of the property, we estimate that occupancy ratios and income could be above average, although this is not certain.
Technical specifications
City
Cádiz
Neighborhood
San Juan
Year built
2010
Cadastral reference
2761916QA4426B0008QH
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
59
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
5 minutes’ walk from the Cathedral
Near the Parroquia de Santa Cruz and the Casa América Museum.
Very easy access to the apartment by car, train and cruise ship.
From Puente de la Constitución, a few meters from the train station and Puerto de Cádiz.
In the heart of Cádiz!
Pedestrian street, with lots of charm, in one of the most sought-after districts
Documentation
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