Estimated return
Estimated IRR of 10.92%.
Sold
Camí Real 78, Vila-real
VILA REAL
Funded
86.419 € (100%)
Total
86.419 €
253 investors
Sold
Total operation amount
86.419,37 €
Mortgage
0,00 €
Total to fund
86.419,37 €
Internal Rate of Return (IRR)
10,92 %
Gross rental yield
11,80 %
Net rental yield
5,46 %
Cash on Cash
7,28 %
Financial return (ROE)
5,46 %
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
39.000 €
Estimated term
5 years
Why invest in this apartment?
Rental potential
Estimated monthly return, not guaranteed
Project in final phase of works
Work was expected to be completed in approximately three weeks.
Apartment information
We present our first investment project in Vila-real, which meant the opening of a new investment area for us. Below, we describe its most relevant aspects.
- Space Renovation: The property has been transformed from 3 to 4 bedrooms. Adding another full bathroom was also planned, with the aim of increasing the rental income potential and market value. The total renovation of the property was intended to make it easier to rent and sell.
- Acquisition Price: The property has been acquired from a bank with a discount of more than 50% off the market price according to our analysis, since when it was acquired, the property did not have an elevator (although it was already in the neighbors' plans). It was already installed at the time of writing.
- Final phase of works: At the time of publication, the apartment was in the final stage of works and renovations, with an estimated completion in approximately 3 weeks and the aim of having the project ready to generate income, with no guarantee of results.
- Strategic Location: The property is located in the heart of Vila-real, close to main roads, supermarkets and industrial complexes, which makes it ideal for people with stable jobs, our target client profile.
- The rental market in Villarreal is very tight as we can see in the market study: The supply of rooms and apartments for traditional rental was scarce at the time of the study, which points to high demand, as we have estimated through demand tests with ads on property portals.
This project is characterized by its location and by a renovation and reorganization intended to increase its value and attractiveness.
Technical specifications
City
VILA REAL
Neighborhood
CAMI REAL
Year built
1966
Cadastral reference
8157302YK4285N0003JW
Property type
Coliving
Investment type
Residential
Square meters
72
No. of bedrooms
4
No. of bathrooms
2
Manager
Brickstarter 004
Developer
Brickstarter
Rental demand
Located in an area with a relative shortage of rental listings
Accessibility and proximity to key services
Health centers, supermarkets, parks and transportation stations are within walking distance.
Proximity to Castellón de la Plana
Villarreal is only 7 km from the provincial capital, which makes it an ideal commuter town.
Documentation
Issues
Information on the September dividend payment
Dear Investors:
We are writing to inform you of an error in the payment of the September dividends for the Camí Real project in Villarreal. Due to this error, the amount paid was less than the amount due.
We have scheduled the outstanding difference to be included with the October dividend payment to correct this. We have chosen to make the adjustment in the next monthly payment because, being a minor difference, an immediate payment would affect the proportional distribution, which could prevent some investors from receiving the amount of the difference correctly.
We apologize for any inconvenience this situation may have caused and thank you for your understanding.
We remain at your disposal for any further questions.
Brickstarter Team