Estimated profitability
This project offers an estimated internal rate of return (IRR) of 10.35%
Under Management
Ribelles Comín - Estudio A
Castellón de la Plana
Funded
72.252 € (100%)
Total
72.252 €
261 investors
Under Management
Total operation amount
72.252,36 €
Mortgage
0,00 €
Total to fund
72.252,36 €
Internal Rate of Return (IRR)
10,35 %
Gross rental yield
10,80 %
Net rental yield
4,22 %
Cash on Cash
5,63 %
Financial return (ROE)
4,22 %
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
39.000 €
Estimated term
5 years
Why invest in this apartment?
Competitive Entry Cost
With a total cost of only €72,252, this project requires a moderate initial investment
Risks and Opportunities of the Project
The performance of the project will depend, among other factors, on the estimated demand in the area
Apartment information
This project will transform an old commercial space into modern and functional residential units.
The project involves the first phase of converting a commercial space into 4 independent studios, fully equipped with a bedroom, bathroom, and kitchen. This project includes a change of use from commercial to residential, allowing us to leverage the low purchase price (€550/m²) compared to the residential average of €1,790/m² in the area.
According to our analysis, Castelló de la Plana shows market activity with a competitive average price. This, combined with the growing demand for well-located residential spaces, could support both rental income and long-term appreciation.
Project Details:
- Address: Cl. Ribelles Comín, Castelló de la Plana
- Year Built: 2008
- Approximate Size per Studio: 40m²
- Purchase Price: €72,252.36
- Estimated Sale Price per Studio: €86,702.83
- Mortgage: No mortgage in place.
- Estimated Annual Rental Income: €7,800.00
This opportunity has a total cost of €72,252, a projected appreciation of 20%, and an estimated internal rate of return (IRR) of 10.35%. This approach aims to generate value for investors.
Technical specifications
City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Year built
2008
Cadastral reference
1896701YK5219N0078BH
Property type
Coliving
Investment type
Residential
Square meters
52
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter 004
Developer
Brickstarter
Strong demand for studio apartments
Primarily driven by young professionals, university students and couples who value a practical and comfortable lifestyle
Strategic Location
Located in an area with access to major thoroughfares, supermarkets and shopping complexes
Infrastructure and services
The city's infrastructure and wide range of services, such as public transport, hospitals, schools and shopping centers, make it an attractive location