Calle Benasal, Castellón de la Plana
Funded
Total
234 Inversores
Renovation works
Funded
Total
234 Inversores
Renovation works
Operation Total:
Mortgage:
Total to finance:
Internal Rate of Return (IRR):
Gross Rent Return
Net Rent Return
Cash on Cash
Return on Equity (ROE)
Total operation: Total project investment.
Mortgage: Banking financing that will be requested to achieve the project.
Total funds: Funds requested from investors.
IRR: Return offered by the investment.
Gross Return on Rent: Total rent income divided by the total cost of the operation.
Net Rent Return: Return of the investor for the rent (once all the expenses of the project have been deducted), with respect to the total of the operation.
Cash on Cash: Income obtained by the shareholder in relation to his investment.
ROE: Net Financial Return for the Shareholder.
If you invest:
The minimum investment amount is {{ limiteInversion }} €
You earn:
In total for the {{ rentabilidadAcumulada }}% Accumulated Net Profit.
IRR: 11.61%.
Very high demand for this type of real estate.
transforming a commercial property into three residential units.
It took us some time, but we have finally found an excellent investment opportunity!
As you know, there is currently a real boom in the promotion of apartment shares. This, along with recent legislative changes, has caused the supply of properties to hit historic lows, making it increasingly difficult to find good investment opportunities.
The opportunity we present is the transformation of a commercial space into a modern dwelling, as we have explained on our blog.
This is a charming property located on Carrer de Benasal in Castelló de la Plana. This commercial property will be transformed into three independent residential units. This opportunity is the first of them: a 68-square-meter home with two bedrooms and two bathrooms.
This project is situated in a high-demand residential area, surrounded by pharmacies, supermarkets, public transportation, and parks. Additionally, it is just a few minutes away from hospitals and educational centers, which increases its appeal to families and professionals. This strategic location ensures high demand and market stability, making this investment a safe and profitable option.
The property, after transformation, will feature a modern and functional design, ideal for small families and professionals. The proximity to essential services and points of interest such as pharmacies, restaurants, and schools ensures an excellent quality of life for its future residents. The high demand in the area, combined with the quality of the property, promises constant occupancy and significant appreciation.
The total cost of the operation amounts to 77,977 euros. However, the investment offers a significant profit margin, as the projected selling price is 93,572 euros. This selling price is strategically set below the maximum market price, which has been valued at 98,041 euros, thus ensuring a competitive advantage.
Furthermore, the project offers an internal rate of return (IRR) of 11.61% and a cash-on-cash return of 7.32%, ensuring a high return on initial investment and positive cash flow. This combination of factors makes this opportunity one of the most lucrative and secure in the real estate market of Castelló de la Plana.
With an unbeatable location, high market demand, and significant appreciation projection, this project is designed to offer excellent profitability and long-term stability.
Profitable properties, similar to this one that are generating profits to their investors
Selling price 98000 euros
Renovated first floor: 2 bedrooms and one bathroom.
Sales price 104700 euros
Renovated first floor: 65 square meters
City
Castellón
Neighborhood
Castellon de la Plana
Antiquity
1968
Property registry number
2698302YK5229N0001LP
Type of property
Coliving
Type of investment
Residential
Square meter
66
Number of rooms
2
Number of bathrooms
2
Manager
Brickstarter 004
Promoter
Brickstarter
Close to pharmacies, supermarkets and hospitals.
Perfectly connected with public transportation.
Main artery of the city.
Soon you will receive an email to confirm your Brickstarter account.
We hope to see you soon!