Estimated property appreciation 22.86%
Purchase price below the estimated market value.
Sold
Penthouse in Bolseria
Valencia
Funded
239.705 € (100%)
Total
239.705 €
25 investors
Sold
Total operation amount
239.705,20 €
Mortgage
0,00 €
Total to fund
239.705,20 €
Internal Rate of Return (IRR)
11,07 %
Gross rental yield
11,35 %
Net rental yield
5,80 %
Cash on Cash
5,80 %
Financial return (ROE)
5,80 %
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
22.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated gross rental yield: 10.69%
Estimate based on vacation rental
Estimated IRR = 8.72% per year.
Estimate after deducting the expected expenses
Apartment information
The most relevant aspects of this property are, fundamentally, two:
- the type of apartment, both because of its location and its structure itself.
- The structure of the financial transaction itself.
With regard to the property itself, according to our market study, we can point out:
- It was purchased at a price below the estimated market value. Specifically, 22.86% below.
- It is a property that is in high demand due to the limited current supply of properties with a capacity of up to eight guests.
- The apartment has two private terraces.
- The apartment is fully exterior-facing and the building has a modern, recently installed elevator.
- The property has recently been remodeled, so the planned refurbishment investment is small.
- It is located in the central “Barrio del Carmen”, an area of high visitor influx and demand for accommodation.
With regard to the proposed financial transaction, we can summarize:
- It has an estimated IRR above 8%.
- It waives the VAT exemption, so the VAT on the purchase can be deducted.
Technical specifications
City
Valencia
Neighborhood
Ciutat Vella
Year built
1965
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
90
No. of bedrooms
2
No. of bathrooms
2
Manager
Brickstarter
Developer
Brickstarter
In the “Barrio del Carmen”
Just a few meters from the “Mercat Central”, it is one of the districts most in demand among tourists.
In the very center and very close to the old Riverbed
Well connected by public transport
District with lower seasonality and close to universities
Tourists all year round and ideal for students
Documentation
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