Estimated Internal Rate of Return (IRR) = 10.54%
Estimated recurring income plus the possible capital gain on its sale.
Sold
Santiago Terry - Cádiz
Cádiz
Funded
149.430 € (100%)
Total
149.430 €
146 investors
Sold
Total operation amount
149.429,69 €
Mortgage
0,00 €
Total to fund
149.429,69 €
Internal Rate of Return (IRR)
10,54 %
Gross rental yield
11,81 %
Net rental yield
5,30 %
Cash on Cash
6,24 %
Financial return (ROE)
5,30 %
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
12.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated Cash on Cash return: 6.24%
Estimated monthly recurring income.
Ready to start operating:
Furnished
Apartment information
The apartment is completely renovated and furnished, although it is true that we will make a minimal investment to leave it in good condition, since it shows wear and a lack of maintenance. Keep in mind that the ultimate goal of the investment is the sale, and in this sense it is important that we leave everything in good condition, not only for the enjoyment of the guests, but so that the final buyer does not have to carry out any work on the apartment.
As we have indicated, this property has the following characteristics:
- It is a spacious apartment with a bedroom and a bathroom, where the height of the ceilings has been used to add a loft with a bed for 2 additional guests. This could allow us to increase the income of the property, since we can charge per additional guest.
• It is one of the most affordable apartments we have acquired in Cádiz.
• The property has a striking Andalusian patio that is being completely renovated.
• The property is very well located, in the Old Town. Very close to the Alameda de Cádiz and a few meters from the Plaza Mina. All points of interest and monuments of the city are very close, as well as the famous Playa de la Caleta. The property is very close to our Carmen Coronada property, whose location has been rated positively by guests.
• The home is on a ground floor, which is expected to comply with possible legislative changes. In that case, the home would meet all the requirements.
Technical specifications
City
Cádiz
Neighborhood
San Antonio
Year built
1995
Cadastral reference
2169309QA4426G0008YG
Property type
Vacation Rental Property
Investment type
Vacation Rental Property
Square meters
65
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Historic Center
Tourist demand and low seasonality, according to our market study
Very close to the Playa de la Caleta
Suitable for the summer season
Universities
A few meters from the University of Philosophy and Letters