Estimated Rate of Return (IRR) = 11.53%
Reduced management and acquisition costs, according to our estimates.
Sold
Pasaje San Fernando
Alicante
Funded
117.234 € (100%)
Total
117.234 €
266 investors
Sold
Total operation amount
117.233,56 €
Mortgage
0,00 €
Total to fund
117.233,56 €
Internal Rate of Return (IRR)
11,53 %
Gross rental yield
11,46 %
Net rental yield
6,31 %
Cash on Cash
8,42 %
Financial return (ROE)
6,31 %
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
29.780 €
Estimated term
5 years
Why invest in this apartment?
Estimated monthly return = 6.31%
Less dependence on tourism seasonality. Estimated income throughout the year.
Demand for this type of property
The area is surrounded by services, making it suitable for living.
Apartment information
The acquired property is located in an area with rental demand, according to our estimates.
This is a property located on a third floor (60 square meters), with a rectangular floor plan, which we will modify so that it has 4 bedrooms and 2 bathrooms.
Although the property is in good condition, we are going to update the bathrooms, the paint, the doors and the flooring, to leave a premium finish, which, according to our estimates, may add value to the asset. We are also going to furnish it and rent it out as coliving.
The main features of this property are:
- Price: Acquired at an average of €1,183 per square meter, 19.23% below its market price, according to our estimates.
- Condition: the layout is going to be improved, adding one more bedroom and one more bathroom.
- Type: once renovated, the property will have 4 bedrooms with 2 bathrooms, all of them exterior.
- Versatility: Although it is an apartment suitable for coliving, it can also be used for vacation rental at certain times of the year. Many families demand this type of property.
- Residential use. We do not expect this use to depend on administrative licenses, although the applicable regulations would have to be verified.
- Potential: According to our estimates, this type of investment could achieve returns above 10%, although actual results may vary.
- Location: Very central, just a few minutes' walk from the city's main points of interest:
- Bullring: 4 minutes (350 meters)
- Plaza de Santa Teresa: 5 minutes (400 meters)
- Auditorio de la Diputación de Alicante: 7 minutes (500 meters)
- San Fernando Castle: 7 minutes (550 meters)
- Central Market: 7 minutes (550 meters)
- Monte Tossal Park: 10 minutes (600 meters)
- Historic center: 11 minutes (900 meters)
- Swimming pool: 15 minutes (1 km)
Technical specifications
City
Alicante
Neighborhood
San Fernando
Year built
1965
Cadastral reference
9681808YH1498B0008YZ
Property type
Coliving
Investment type
Residential
Square meters
70
No. of bedrooms
4
No. of bathrooms
2
Manager
Brickstarter
Developer
Brickstarter
Located near the city center
Area with services and tourist attractions.
Connection to all public transport
University, tourist attractions, beaches
Residential neighborhood with its own services
Schools, parks, etc.
Documentation
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