Estimated IRR = 12.84%
Intended to generate rental income.
Under Management
Jijona
Alicante
Funded
124.934 € (100%)
Total
124.934 €
266 investors
Under Management
Total operation amount
124.934,02 €
Mortgage
0,00 €
Total to fund
124.934,02 €
Internal Rate of Return (IRR)
12,84 %
Gross rental yield
12,01 %
Net rental yield
6,65 %
Cash on Cash
8,87 %
Financial return (ROE)
6,65 %
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
45.300 €
Estimated term
5 years
Why invest in this apartment?
Suited to colivers
with 5 rooms and 2 bathrooms
Estimated monthly return = 6.65%
Demand for these apartments
Apartment information
The acquired property is located in an area with rental demand, according to our estimates.
It is a property located on a fourth floor (76 m2). The renovation project will consist of a dining room, a kitchen with gallery and balcony, 5 bedrooms, and 2 bathrooms. We are going to renovate it completely and adapt it to this layout. We are also going to furnish it and rent it as a coliving space.
The main features of this property are:
- Price: the purchase cost is €835 per square meter, which is 43.20% below its market price, according to our estimates.
- Residential use: we will not depend on administrative licenses.
- Potential: according to our estimates, this type of investment could generate returns of more than 10%, although actual returns may differ.
- Location: located near the city center, it is just a few minutes away from the main points of interest in the city.
- Auditorium: 2 minutes (120 meters)
- CEIP Campoamor: 2 minutes (160 meters)
- Plaza San Juan de Dios: 3 minutes (230 meters)
- Parking Plaza de America: 5 minutes (450 meters)
- Historic Center: 10 minutes (800 meters)
- Tossal Park: 12 minutes (700 meters)
- Archaeological Museum of Alicante: 12 minutes (700 meters)
- F.C Hércules Stadium: 13 minutes (900 meters)
- Postiguet Beach: 15 minutes (1,300 meters)
Technical specifications
City
Alicante
Neighborhood
Campoamor
Year built
1963
Cadastral reference
9882416YH1498D0005ZD
Property type
Coliving
Investment type
Residential
Square meters
76
No. of bedrooms
5
No. of bathrooms
2
Manager
Brickstarter
Developer
Brickstarter
Close to the historic center
Less than a 10-minute walk
Good connection to public transport
Near the university, the beach, etc.
Residential area, suited to living
Hospitals, schools, leisure areas, etc.
Documentation
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