Location
The Carmen neighborhood is one of the most in demand among tourists
Sold
Plaza Cisneros
Valencia
Funded
229.395 € (100%)
Total
229.395 €
26 investors
Sold
Total operation amount
229.395,00 €
Mortgage
0,00 €
Total to fund
229.395,00 €
Internal Rate of Return (IRR)
9,08 %
Gross rental yield
11,03 %
Net rental yield
5,21 %
Cash on Cash
6,13 %
Financial return (ROE)
5,21 %
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
10.000 €
Estimated term
4 years
Why invest in this apartment?
Property type
Type of property with demand above current supply, according to our study
Property capacity
Capacity for up to 8 guests
Apartment information
The purchase price will amount to €206,800 (taxes included), and it currently has a valuation of €232,152; that is, even taking into account all acquisition costs (notary, tax settlement, etc.), it is being acquired 10% below the market price (according to a valuation carried out by an external company). This valuation is an estimate and the result of any eventual sale may be different.
The average rent in the area for an apartment with these characteristics (3 bedrooms) is €9.00/m2 (Idealista data), which means that a traditional rental would already yield €810/month. With vacation rental, higher income is estimated, which will depend on occupancy and rates.
Technical specifications
City
Valencia
Neighborhood
Ciutat Vella
Year built
1964
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
91
No. of bedrooms
3
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Views of the Torres de Serrano
Directly from the balcony
Next to the River
Plaza Cisneros is located between Plaza de la Virgen and the Torres de Serrano
Pedestrian square
Quiet, but with bars for a morning breakfast
Documentation
This is the basic documentation. If you want to see all the information about this property sign up or log in .