Income history
Income in 2017 of €16,913
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Sold
Carmen Coronada - Cádiz
Cádiz
Funded
148.927 € (100%)
Total
148.927 €
49 investors
Sold
Total operation amount
148.926,50 €
Mortgage
0,00 €
Total to fund
148.926,50 €
Internal Rate of Return (IRR)
9,66 %
Gross rental yield
11,36 %
Net rental yield
5,45 %
Cash on Cash
5,45 %
Financial return (ROE)
5,45 %
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
2.200 €
Estimated term
4 years
Why invest in this apartment?
Estimated gross rental yield = 11.36%
Estimate based on vacation rental
Estimated IRR = 9.66%
Estimate after deducting the expected expenses.
Apartment information
Carmen Coronada has the following characteristics.
First, it should be noted that this is a property that is operating and has an income history. It is a type of property with capacity for up to 6 people, suitable for couples, small families and even small groups of friends. This versatility could favor its occupancy, since rates vary according to demand.
Having a performance history provides useful information, although past performance does not predict the future.
However, and even though we know that management can be improved (until now it could only be rented for a minimum of 3 nights, and it was only advertised through Airbnb), in our forecasts we are going to assume that the current level of income is maintained.
Technical specifications
City
Cádiz
Neighborhood
Mentidero
Year built
2010
Cadastral reference
1871706QA4417B0003IQ
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
56
No. of bedrooms
2
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Historic center
High demand and low seasonality
Very close to La Caleta Beach
Ideal for the summer season
Universities
A few meters from the University of Philosophy and Letters
Documentation
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