Acquired 30% below the February 2020 price:
with a discount of 40 thousand euros.
Sold
San Telmo I
Cádiz
Funded
115.805 € (100%)
Total
115.805 €
74 investors
Sold
Total operation amount
115.804,98 €
Mortgage
0,00 €
Total to fund
115.804,98 €
Internal Rate of Return (IRR)
11,61 %
Gross rental yield
9,21 %
Net rental yield
5,33 %
Cash on Cash
6,27 %
Financial return (ROE)
5,33 %
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
11.000 €
Estimated term
4 years
Why invest in this apartment?
Property type in demand in Cádiz:
with 2 double bedrooms and a private terrace.
Versatile apartment:
for long-term, mid-term or vacation rental.
Apartment information
This is a brand-new property that we acquired from an investment fund at a discount on the initial sale price.
It is located on the first floor, so possible restrictions on vacation rentals could be avoided in the future. It has 49 square meters, very well laid out, in two double bedrooms, a kitchen integrated into the dining room, a bathroom and a large private terrace.
The master bedroom has a large custom-made built-in wardrobe and natural ventilation. The other bedroom and the living room have direct access to the private patio, which gives the apartment a great deal of ventilation and light.
The layout is suitable both for hosting mid-term guests (students, civil servants…) and for vacation rental, just as we have argued in the case of other properties of ours of this same type.
It is a very versatile property, with capacity for up to 4 people, suitable for couples, small families,
Location, Location, Location…
One of the most notable aspects of this apartment is its location. Just 100 meters from the university, the vice-rectorate and the Gran Teatro de Falla, and only 8 minutes from both La Caleta Beach and the various clinics and hospitals.
The location is central since the historic center is a neighborhood with demand from tourists, students and civil servants. The walking distance to the main points of interest, according to Google Maps, is:
- University of Cádiz (medicine): 1 minute (110 meters)
- University of Cádiz (vice-rectorate): 2 minutes (180 meters)
- San Rafael Clinic: 3 minutes (250 meters)
- Catholic University of Cádiz: 4 minutes (350 meters)
- La Caleta Beach: 6 minutes (550 meters)
- University of Cádiz (economics): 7 minutes (600 meters)
- Women's Hospital: 7 minutes (600 meters) Hospital la Salud: 9 minutes
Technical specifications
City
Cádiz
Neighborhood
Casco histórico
Cadastral reference
1668809QA4416H0004PH
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
49
No. of bedrooms
2
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
One minute from the University of Cádiz:
suitable for renting to students and professors during the school year
Three minutes from the San Rafael Clinic:
suitable for doctors and public health employees
Six minutes from La Caleta Beach:
location suitable for the summer season
Documentation
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