Acquired below the estimated market price
Property acquired, according to our estimates, 7% below the market price.
Sold
Cristóbal Colón - Cádiz
Cádiz
Funded
148.415 € (100%)
Total
148.415 €
38 investors
Sold
Total operation amount
148.414,68 €
Mortgage
0,00 €
Total to fund
148.414,68 €
Internal Rate of Return (IRR)
10,22 %
Gross rental yield
11,42 %
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
3.630 €
Estimated term
4 years
Why invest in this apartment?
Estimated IRR
Estimated IRR = 10.22% per year, after deducting the expected expenses.
Estimated cash-on-cash return of 6%
Given its purchase price, we estimate favorable return ratios.
Apartment information
This type of property could have appreciation potential, since it is a ground-floor unit with easy access and that, according to our assessment, could be adapted to possible legislative changes regarding vacation-rental operation, which cannot be foreseen. We also highlight other features of the property:
- Having a terrace makes the property an asset with good demand. The terrace will be the main feature of the apartment and could make it possible to offer differentiating services compared with other properties, which could allow nightly rates to be increased compared with a regular home.
- The ground-floor unit is located in the historic center of Cádiz, in zip code 11005. The street is wide, bright, pedestrian and just 2 minutes on foot from the Cathedral of Cádiz. The scarcity of land, due to the very geography of Cádiz, could favor the appreciation of the apartment, although there is no certainty of this.
- This is a one-bedroom, one-bathroom property with a maximum capacity of 4 people. As we have seen in our market study, it is a type of property in high demand in Cádiz, and one that shows occupancy and income ratios with an upward trend over the period analyzed.
- Given the characteristics of the property, we estimate that the occupancy ratios and income could be above the average of other apartments with similar characteristics and on the ground floor, although there is no certainty of this.
Technical specifications
City
Cádiz
Neighborhood
Pópulo
Year built
2012
Cadastral reference
2464813QA4426C0006UM
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
54
No. of bedrooms
1
No. of bathrooms
1
Manager
brickstarter
Developer
Brickstarter
In the heart of Cádiz
2 minutes on foot from the Cathedral and the city's main monuments.
Public parking just a few meters away
For greater convenience. Something in high demand in Cádiz.
Very well connected
Just a few meters from the train station, bus station and port.
Documentation
This is the basic documentation. If you want to see all the information about this property sign up or log in .