Estimated return
This project offers an estimated internal rate of return (IRR) of 10.54%
Under Management
Ribelles Comíns - Estudio C
Castellón de la Plana
Funded
86.557 € (100%)
Total
86.557 €
143 investors
Under Management
Total operation amount
86.556,88 €
Mortgage
0,00 €
Total to fund
86.556,88 €
Internal Rate of Return (IRR)
10,54 %
Gross rental yield
10,40 %
Net rental yield
4,36 %
Cash on Cash
5,81 %
Financial return (ROE)
4,36 %
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
49.000 €
Estimated term
4 years
Why invest in this apartment?
Competitive entry cost
The acquisition price of €700/m² is considerably lower than the average of €2,488/m² in the area
Estimated appreciation of 15%
The estimated resale value could leave room for appreciation after renovation and change of use
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 converting a commercial space into four independent studios, fully equipped with a bedroom, bathroom, and kitchen, offering a turnkey product for the final buyer.
- Address: Cl. Ribelles Comín, Castelló de la Plana
- Building Construction Year: 2008
- Approximate Size per Studio: 44m²
- Acquisition Price: €88,556.88
- Estimated Sale Price per Studio: €99,540.41
- Estimated Annual Rental Income: €9,000.00
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 for 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 area's connectivity is another key highlight. The property has access to multiple public transport lines and is well connected to the city's main roads, facilitating mobility for residents. Additionally, its proximity to green areas, such as Ribalta Park, and local attractions, such as the historic center and the Teatro Principal, makes it an attractive location for both final 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.
Especificaciones técnicas
City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Antigüedad
2008
Referencia Catastral
1896701YK5219N0078BH
Tipología del inmueble
Flipping
Tipo de inversión
Residential
Square meters
39
Nº de habitaciones
1
No. of bathrooms
1
Gestor
Brickstarter 004
Promotor
Brickstarter
Residential demand
The strategic location, close to essential services and public transport, increases its appeal to buyers and tenants
Attractions, supermarkets, and shopping centers
Close proximity to major attractions and shopping centers
Significant demand for studio apartments
Functional properties adapted to current demands