Estimated gross rental return
Estimated gross rental return: 11.87%. Estimate based on vacation rental income.
Sold
Ático Tavira - Cádiz
Cádiz
Funded
176.139 € (100%)
Total
176.139 €
61 investors
Sold
Total operation amount
176.139,05 €
Mortgage
0,00 €
Total to fund
176.139,05 €
Internal Rate of Return (IRR)
9,14 %
Gross rental yield
11,87 %
Net rental yield
5,47 %
Cash on Cash
6,44 %
Financial return (ROE)
5,47 %
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
6.520 €
Estimated term
4 years
Why invest in this apartment?
Estimated IRR
Estimated IRR = 9.14% annual, after deducting expected expenses
Growing tourist destination
Destination included by "The New York Times" among its 2019 picks
Apartment information
The main aspects of this property, which in our estimate has potential for appreciation, are the following:
- Penthouses with terraces are not abundant in Cádiz, which would allow us to offer services in high demand among tourists, such as a terrace, a barbecue, a Jacuzzi, etc.
- The apartment has two large private terraces.
- The apartment is completely exterior.
- It is located in the very heart of Cádiz (postal code 11001), an area with a high influx of tourists, high demand for accommodation and a shortage of properties. (Do not forget that Cádiz’s center is a small peninsula and therefore the land is very limited).
- It is 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
El Mentidero
Year built
2007
Cadastral reference
1966612QA4416F0005GX
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
Only 50 meters from the Tavira Tower
From the Mercado de Abastos and the Plaza de las Flores
Very close to the "La Caleta" beach
One of the most emblematic beaches in Cádiz
In the heart of Cádiz!
Postal code with a high influx of tourists: 11001
Documentation
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