Estimated rate of return (IRR) = 9.20%
Estimated recurring income plus, where applicable, capital gain on its sale.
Sold
Leoncillos - Sevilla
Sevilla
Funded
178.658 € (100%)
Total
178.658 €
321 investors
Sold
Total operation amount
178.657,95 €
Mortgage
0,00 €
Total to fund
178.657,95 €
Internal Rate of Return (IRR)
9,20 %
Gross rental yield
11,46 %
Net rental yield
5,27 %
Cash on Cash
0,05 %
Financial return (ROE)
5,27 %
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
13.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated cash-on-cash return:
Estimated monthly recurring income: 6.20%.
Renovation planned to add value:
With the intention of facilitating a possible future sale.
Apartment information
This is our first property in Seville and it has the following characteristics:
- First, Seville is the third city in Spain with the highest number of overnight stays, with the largest old town in Spain. Since the beginning of the year it has broken several historic records, such as that of tourist arrivals. Its airport, the fourth on the mainland, has also set a historic passenger record in April, being the fastest-growing in Spain with an improvement of 21% compared with 2018. Seville is a growing tourist destination.
- Because of the property's location. Not only because it is in Seville, which could allow us to reduce the seasonality of our portfolios and operate in a city that, according to our analysis, has good prospects in terms of vacation accommodation, but also because of the neighborhood where it is located. Located in the “Old Town” of the city, it is, according to our study, a district with high average income per apartment and low seasonality. And this is not surprising, since it is the district that brings together the city's main monuments.
- Type of apartment. As we can see in the market study, this is a type of property that is not only in high demand but also shows ratios with an upward trend over the period analyzed.
- Although the home is in good condition, it is planned to update it, with the intention of adding value and facilitating a possible sale.
- The home has an Andalusian patio which, in addition to giving the home charm, is in a good state of repair. There they will be able to enjoy its terrace, and thus the good weather that the city offers.
- The apartment is very bright because it is exterior-facing and has natural light in all its rooms.
With regard to the financial transaction, according to our estimates, the project contemplates a return and monthly returns that will depend on the actual evolution of income.
Technical specifications
City
Sevilla
Neighborhood
Casco Antiguo
Year built
1997
Cadastral reference
5828022TG3452H0003TA
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
47
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Seville
Third most visited provincial capital in Spain.
Old Town
One of the most in-demand districts in the city.
District with good income for vacation rentals
With high average and total income and occupancy, according to our study.
Documentation
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