Acquired below estimated market price
Property acquired, in our estimate, 10% below market price.
Sold
Bella Escondida - Cádiz
Cádiz
Funded
133.077 € (100%)
Total
133.077 €
57 investors
Sold
Total operation amount
133.076,83 €
Mortgage
0,00 €
Total to fund
133.076,83 €
Internal Rate of Return (IRR)
9,27 %
Gross rental yield
11,67 %
Net rental yield
5,10 %
Cash on Cash
6,00 %
Financial return (ROE)
5,10 %
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
1.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated appreciation potential
Given its purchase price, we contemplate selling it in a short time, although this is not certain.
Estimated cash on cash return of 6%
Given its purchase price, we estimate favorable profitability ratios.
Apartment information
As we mentioned, one of the most attractive aspects of this property is its quality-price ratio. This home has a good location, is attractive thanks to its exposed beams, and was purchased at a price that, in our estimate, is below the market price.
As you can see from the signed down payment agreement, we are looking at the acquisition of an apartment that is already in operation and fully furnished except for a few appliances, so it could be put into operation in a short time.
The property has a bedroom and a bathroom, with a maximum capacity of 4 people. As we have seen in our market research, it is a type of property in high demand in Cadiz, with rising trends in both occupancy and income ratios over the period analyzed.
The property is a bright ground-floor unit with an independent entrance. Although there are currently no restrictions when applying for a tourist license, regulations may change in the future, and it cannot be taken for granted that the apartment will meet any requirements that are established.
The apartment is located in the historic center of Cadiz, very central and surrounded by bars, stores and restaurants. As we have previously mentioned, the scarcity of land in Cadiz, due to its geographical characteristics, along with the price, could favor appreciation of the apartment, although this is not certain.
Technical specifications
City
Cádiz
Neighborhood
Candelaria
Year built
2010
Cadastral reference
2367506QA4426G1002XU
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
47
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
In the heart of Cadiz
A few steps from the city’s main monuments
Public parking area a few meters away
For greater comfort. Something in high demand in Cadiz
Very well connected
A few meters away from the train station, bus station and the port.
Documentation
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