Estimated Rate of Return (IRR) = 11.61%
Reduced management costs, according to our estimates
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Under Management
Just
Alicante
Funded
127.988 € (100%)
Total
127.988 €
567 investors
Under Management
Total operation amount
127.987,50 €
Mortgage
0,00 €
Total to fund
127.987,50 €
Internal Rate of Return (IRR)
11,61 %
Gross rental yield
10,13 %
Net rental yield
5,41 %
Cash on Cash
7,22 %
Financial return (ROE)
5,41 %
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
39.250 €
Estimated term
5 years
Why invest in this apartment?
Estimated monthly return = 5.41%
Less subject to the variability of tourism
Area suitable for living
So we expect continued rental demand
Apartment information
This is a property located on a third floor (77 square meters). The property will have a full kitchen, 5 bedrooms, and 2 bathrooms. In the renovation, in addition to a general refurbishment, we will add a bathroom, since it currently has only 1. It will also have a kitchen-dining room that can add value to the home. We are also going to furnish it and rent it out as coliving, which suits the characteristics of the property.
The main features of this property are:
- Price: Including all renovation, furnishing, etc. costs, we acquired the apartment at a 15% discount to the market price, according to our estimates.
- Condition: It is in good condition, although we will renovate it so that it has 1 more bathroom (it currently has one), in addition to a refurbishment to leave it in good condition.
- Type: It is a spacious and bright apartment (77 square meters), with 5 bedrooms, 1 bathroom (plus another that we will add) and a kitchen-dining room. All the bedrooms have natural light and 2 of them are double.
- Versatility: Although it is an apartment suitable for coliving, if it were considered it could be used for vacation rental due to its central location and because many families demand this type of property.
- Residential use. We do not depend on administrative licenses.
- Potential: According to our estimates, given its acquisition price and its 5 bedrooms, this type of apartment could achieve returns of up to 10%, although actual results may vary.
- Location: Very central, just a few minutes' walk from the city's main points of interest:
- “La Placeta” Park: 2 minutes (160 meters)
- CEIP Benalúa: 2 minutes (200 meters)
- Benalúa Health Center: 4 minutes (260 meters)
- Mercadona supermarket and bar/restaurant area: 4 minutes (300 meters)
- El Corte Inglés: 7 minutes (550 meters)
- Plaza Séneca: 8 minutes (650 meters)
- Shopping area with stores such as Zara, Sephora, Mango, etc. 8 minutes (650 meters)
- Bus station: 9 minutes (700 meters)
- Port of Alicante: 12 minutes (1,000 meters)
- The Historic Center: 16 minutes (1,300 meters)
Technical specifications
City
Alicante
Neighborhood
Benalúa
Year built
1966
Cadastral reference
8867209YH1486H0007DD
Property type
Coliving
Investment type
Residential
Square meters
77
No. of bedrooms
5
No. of bathrooms
2
Manager
Brickstarter
Developer
Brickstarter
Very close to the center
but with the peace and quiet of not being in the center
Public transport nearby
good connection to other parts of the city
Close to all kinds of services
hospital, schools, etc
Documentation
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