Estimated gross rental return:
Estimated gross rental return: 11.41%. Estimate based on vacation rental income.
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Sold
Pasaje Mitjana - Málaga
Málaga
Funded
168.449 € (100%)
Total
168.449 €
43 investors
Sold
Total operation amount
168.448,75 €
Mortgage
0,00 €
Total to fund
168.448,75 €
Internal Rate of Return (IRR)
9,36 %
Gross rental yield
11,41 %
Net rental yield
5,59 %
Cash on Cash
5,59 %
Financial return (ROE)
5,59 %
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
4.100 €
Estimated term
4 years
Why invest in this apartment?
Building for vacation use
The whole building consists of vacation rental apartments
Estimated internal rate of return (IRR): 9.36%
Estimate, net of expected expenses
Apartment information
The main aspects of this property are the following:
1. Malaga is the province with the third-highest number of tourists on the peninsula, after Barcelona and Madrid, and one of the favorite destinations for foreign tourists, as it has the third-largest peninsular airport by passenger volume.
2. Because of its location and structure, this type of apartment is in high demand and, in our estimate, has a good future outlook. Located in the "Downtown District", the apartment is only a few meters away from the city's main points of interest.
3. In terms of price, the property is acquired, according to our estimates, 10% below the current market price.
4. The apartment is located within a building used exclusively for vacation rentals, which in principle reduces exposure to possible regulatory changes, although these cannot be ruled out. The building also has an elevator.
5. The property is in good condition. It only needs furnishing before being put into operation.
Technical specifications
City
Málaga
Neighborhood
Casco Histórico
Cadastral reference
3252206UF7635S0008WH
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
53
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
In "Downtown"
In the heart of Malaga.
Next to the city's main points of interest
Low-seasonality district
Tourists all year round
Documentation
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