Location: Barrio del Carmen
One of the most in-demand neighborhoods, with lower seasonality
Sold
Mossen Sorell
Valencia
Funded
214.651 € (100%)
Total
214.651 €
56 investors
Sold
Total operation amount
214.651,21 €
Mortgage
0,00 €
Total to fund
214.651,21 €
Internal Rate of Return (IRR)
8,78 %
Gross rental yield
10,02 %
Net rental yield
5,01 %
Cash on Cash
5,89 %
Financial return (ROE)
5,01 %
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
8.397 €
Estimated term
4 years
Why invest in this apartment?
Spacious terrace
Outdoor terrace, with 2 full bathrooms and capacity for 6 people
Designed for the start of the season
Fallas season
Apartment information
Property acquired below the estimated market value. The acquisition cost amounts to €193,442 (including taxes and all expenses), and the property currently has a valuation of €205,277. (Valuation carried out by an external company). This valuation is an estimate and the result of any eventual sale may be different.
This is a property that, according to our estimate, requires no refurbishment or works and only needs to be furnished to be put into operation. Suitable for Fallas and Holy Week, the high tourist season in the Valencian Community.
The property is on a first floor, with an elevator, fully accessible, without prejudice to the possibility that the applicable regulations may change in the future.
This is a property with good characteristics also for long-stay rentals. The average rent in this area for a property with these characteristics is €9.11/m2 (Idealista data).
Technical specifications
City
Valencia
Neighborhood
Ciutat Vella
Year built
2008
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
80
No. of bedrooms
2
No. of bathrooms
2
Manager
Brickstarter
Developer
Brickstarter
Mosen Sorell Market
Recently renovated, beautiful
Plaza del Tossal
Full of bars, restaurants and little outdoor terraces
El Carmen
One of the neighborhoods most favored by tourists, with high demand for accommodation
Documentation
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