Estimated Return
This project offers an estimated internal rate of return (IRR) of 11.53%
Under Management
Ribelles Comín - Estudio B
Castellón de la Plana
Funded
76.783 € (100%)
Total
76.783 €
170 investors
Under Management
Total operation amount
76.783,24 €
Mortgage
0,00 €
Total to fund
76.783,24 €
Internal Rate of Return (IRR)
11,53 %
Gross rental yield
10,94 %
Net rental yield
4,85 %
Cash on Cash
6,47 %
Financial return (ROE)
4,85 %
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
41.000 €
Estimated term
4 years
Why invest in this apartment?
Flipping Project
The objective is to sell the property as quickly as possible, which could change the estimated IRR.
Competitive Entry Cost
With a total cost of only €76,783, this project requires a moderate initial investment
Apartment information
Project Details and Location
The Ribelles Comín Project is presented as a strategic transformation in the real estate market of Castellón de la Plana. This project involves the conversion of a commercial property into four independent studios, each fully equipped with a bedroom, bathroom, and kitchen, offering a turnkey product for the end buyer.
- Address: Cl. Ribelles Comín, Castelló de la Plana
- Building Construction Year: 2008
- Approximate Size per Studio: 42m²
- Acquisition Price: €76,783.24
- Estimated Sale Price per Studio: €88,300.72
- Estimated Annual Rental Income: €8,400.00
Strategic Location
One of the main strengths of this project is its location in Castellón de la Plana, a city with economic activity and an active real estate market. The property is situated in a central area, surrounded by essential services such as supermarkets, pharmacies, schools, and leisure areas, which increases its appeal to both tenants and investors.
- Dia Supermarket: 2 minutes (170 meters)
- Domingo S.C.P Pharmacy: 3 minutes (200 meters)
- Gym: 5 minutes (400 meters)
- Mercadona Supermarket: 7 minutes (550 meters)
- Pavelló Poliesportiu Ciutat de Castelló: 11 minutes (750 meters)
- La Salera Shopping Center: 18 minutes (1,200 meters)
- Estepark Shopping Centre: 19 minutes (1,400 meters)
The connectivity of the area is another highlight. The property has access to several public transport lines and is well connected to the main roads of the city, making it easier for residents to get around. Additionally, its proximity to green spaces like the Ribalta Park and local attractions such as the historic center and the Teatro Principal makes it an attractive location for both end buyers and potential tenants.
The price per square meter and the demand for modern residential units in the area are factors that, according to our analysis, could support the Ribelles Comín Project.
Technical specifications
City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Year built
2008
Cadastral reference
1896701YK5219N0078BH
Property type
Flipping
Investment type
Residential
Square meters
44
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter 004
Developer
Brickstarter
Attractions, supermarkets, and shopping centers
Close proximity to major attractions and shopping centers
Very close to Estepark Shopping Centre
One of the main shopping centers in Castellón de la Plana
Consolidated residential area
The city's infrastructure and wide range of services, such as public transport, hospitals, schools, and shopping centers, make it an attractive location