Estimated Internal Rate of Return (IRR) = 10.65%:
Estimated recurring income plus the possible capital gain on its sale.
Sold
Jorge Juan - Alicante
Alicante
Funded
161.544 € (100%)
Total
161.544 €
145 investors
Sold
Total operation amount
161.543,63 €
Mortgage
0,00 €
Total to fund
161.543,63 €
Internal Rate of Return (IRR)
10,10 %
Gross rental yield
11,10 %
Net rental yield
5,00 %
Cash on Cash
5,88 %
Financial return (ROE)
5,00 %
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
23.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated Cash on Cash return:
Estimated monthly recurring income of 5.38%.
We add value through a renovation:
To facilitate a future sale.
Apartment information
The apartment needs a complete renovation, so it will be like a blank canvas to design with tourists in mind.
The property initially has a separate room near the bathroom, a small kitchen and a living room. We plan to open the kitchen to the dining room to make both rooms more spacious and to enlarge the bathroom by giving it part of the bedroom closet.
In addition, here are other features of the property that we consider relevant:
- This home could have appreciation potential, since we will completely renovate it. This could attract guests and increase its value in a subsequent sale.
- The property is in the historic center of Alicante, which will allow guests to visit the main monuments on a pleasant walk.
- Likewise, according to our market study, postal code 03002 is the area with the lowest seasonality, and higher daily income for all types of real estate.
- This is a one-bedroom property with a bathroom, with a maximum capacity of 4 people. It has an entrance hall with two elevators. According to our market study, it is a type of property with demand in Alicante, with occupancy and income ratios that showed an upward trend.
Technical specifications
City
Alicante
Neighborhood
Casco histórico
Year built
1965
Cadastral reference
0373102YH2407C0048KJ
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
55
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
In the "Barrio Santacruz"
A few meters from the Cathedral and the Castle, in a neighborhood in demand among tourists.
Postiguet Beach
Just 200 meters from the beach.
In a district with reduced seasonality
Income throughout the year, according to our market study.
Documentation
This is the basic documentation. If you want to see all the information about this property sign up or log in .