Acquired, in our assessment, 15% below market price
Already generates rental income.
Under Management
Calle Carmen
Alicante
Funded
168.998 € (100%)
Total
168.998 €
339 investors
Under Management
Total operation amount
168.998,20 €
Mortgage
0,00 €
Total to fund
168.998,20 €
Internal Rate of Return (IRR)
10,22 %
Gross rental yield
11,20 %
Net rental yield
5,08 %
Cash on Cash
5,97 %
Financial return (ROE)
5,08 %
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 Internal Rate of Return (IRR) = 10.22% per year
After deducting all expenses.
Apartment already in operation
Less uncertainty regarding the income it generates.
Apartment information
The apartment is in good condition to start operating, so it requires little work.
Relevant features of the property:
1. This is a property that was purchased, in our assessment, below market price and is already operating as a tourist apartment, with revenue last year of €19,960, which provides a revenue history, although future results may differ. Currently the apartment is only advertised on Airbnb, so there may be room for improvement. You can see the apartment here.
2. The location of the property in the historic center of Alicante is central, which allows guests to visit the main monuments on a pleasant walk. It is located in the heart of the city, full of restaurants, bars and entertainment venues. Very close to the Castillo de Santa Bárbara, the Concatedral and Postiguet Beach.
3. Postal code 03002 is the area with the lowest seasonality and the highest daily income for all types of property, as we have seen in the market study.
4. The property already has a vacation rental license and is also located in a vacation rental building, which reduces the uncertainty of possible regulatory changes. It has an elevator and a small reception with vending machines for guests to enjoy. It is a property in good condition that is already operating, so, with a history of its performance, we have more information to estimate its profitability.
5. The home has two bedrooms and a bathroom, with a capacity of up to 6 people, making it suitable for couples, small families and even small groups of friends. It is very bright since it has six large balconies.
Technical specifications
City
Alicante
Neighborhood
Santa Cruz
Cadastral reference
0174507YH2407C0005MQ
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
73
No. of bedrooms
2
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
In the "Barrio Santacruz"
A few meters from the City Hall, the Cathedral, and the beach, in a neighborhood in demand among tourists.
"Casco Antiguo"
Surrounded by bars and restaurants.
Postiguet Beach
Just 400 meters from the beach.
Documentation
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