Type of property in demand in Cádiz
With Cádiz's good weather, apartments with a private terrace are in demand.
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Sold
San Telmo 3
Cádiz
Funded
147.412 € (100%)
Total
147.412 €
489 investors
Sold
Total operation amount
147.412,01 €
Mortgage
0,00 €
Total to fund
147.412,01 €
Internal Rate of Return (IRR)
11,27 %
Gross rental yield
14,03 %
Net rental yield
6,47 %
Cash on Cash
7,61 %
Financial return (ROE)
6,47 %
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
10.000 €
Estimated term
4 years
Why invest in this apartment?
Tourist license
The plan is to apply for the license, which could add value to the property
Rental demand
Due to the scarcity of land in the city and the influx of both tourists and workers, we estimate that demand for apartments may be high.
Apartment information
At Brickstarter we like the city of Cádiz and that is why we are back with a new opportunity, with characteristics very similar to our other opportunities with a terrace.
Being located in the same area as two of our previous opportunities, we know the neighborhood and we estimate that it may have good demand. It is, in fact, a type of property with demand for both mid-term and vacation rental.
- The acquisition price per square meter is €2,356, compared to the average of €3,168 per square meter for similar apartments, which, according to our estimates, could make it possible to sell it with a higher capital gain. We acquired the property at a 35.46% discount.
- The property is in good condition although we will have to give it a good "facelift" to get it ready for rental.
- Located in a neighborhood with services, hospitals, and a university with 20,000 students. We estimate that the property could have rental demand for mid-term stays.
- It is planned to apply for the tourist license, so there is the possibility of renting it as a vacation rental apartment when we consider it appropriate. This is relevant, since tourist licenses could be restricted and properties that have one could appreciate in value.
- The home is located in the historic center of Cádiz, an area suitable for tourists and students, very close to the universities, surrounded by services and leisure areas.
- Type: this type of property, with a full bathroom and one bedroom, is in demand as it has space for up to 4 guests. It should be added that it has a large terrace, and large windows, both in the kitchen and in the bedrooms, which gives it plenty of ventilation and natural light. It also has a full kitchen and a living-dining room.
- In terms of location, it is less than 5 minutes' walk from the city's main points of interest
- University of Cádiz (medicine): 1 minute (110 meters)
- University of Cádiz (vice-rectorate): 2 minutes (180 meters)
- Clínica San Rafael: 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)
- Hospital de Mujeres: 7 minutes (600 meters)
- Hospital la Salud: 9 minutes
Technical specifications
City
Cádiz
Neighborhood
Casco histórico
Year built
2009
Cadastral reference
1668809QA4416H0002IF
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
44
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Central location
Located in the center of Cádiz, with universities, hospitals and government services around it.
Vacation and mid-term rental
Being located in the center, it can be rented to tourists as well as to students or workers.
Next to the beach
6 minutes' walk from La Caleta beach
Documentation
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