Elda

Calle Elda 3, alicante

Funded

115.742 € (100%)

Total

115.742 €

107 Investors

Under Management

Operation Total:

115.742,11 €

Mortgage:

0,00 €

Total to finance:

115.742,11 €

Internal Rate of Return (IRR):

10,49 %

Gross Rent Return

10,37 %

Net Rent Return

5,82 %

Cash on Cash

7,76 %

Return on Equity (ROE)

5,82 %
What do these figures mean?

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.

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Elda

Calle Elda 3, alicante

Funded

115.742 € (100%)

Total

115.742,11 €

107 Inversores

Under Management

Funded

115.742 € (100%)

Total

115.742,11 €

107 Inversores

Under Management

Operation Total:

115.742,11 €

Mortgage:

0,00 €

Total to finance:

115.742,11 €

Internal Rate of Return (IRR):

10,49 %

Gross Rent Return

10,37 %

Net Rent Return

5,82 %

Cash on Cash

7,76 %

Return on Equity (ROE)

5,82 %
What do these figures mean?

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.

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Property information
Project summary
Financial information
Documentation
Market study
Project summary

Why invest in this apartment?

Estimated Internal Rate of Return (IRR): 10.49%

Lower management cost and lower acquisition cost.

Estimated monthly return = 5.82%

Less seasonality than vacation tourism. Estimated income throughout the year.

Demand for this type of property

We already have prospective guests.

Information about the apartment

We are presenting our first property focused on mid-term rentals (non-vacation property).

This new type of property would allow us to diversify and take advantage of the possible benefits of this new type.

You can read the reasons why we think this type of property is beneficial and complementary to investing in vacation rentals in our blog post, here.

It took us a lot of effort to find this first property.

In addition to its good condition, its location (a 10-minute walk from the center) and its layout, we can highlight the acquisition price as one of its essential features, since we acquired it at an average of €694 per square meter (27% below its market price).

This, together with its good layout, could allow us to increase income by making the most of its 4 bedrooms with 2 bathrooms.

We believe there is demand for this type of accommodation in this area, as it is very close to our San Leandro property, which we have rented out on a mid-term basis by the room.

Acquiring the property at a competitive price could allow us to obtain a return from an income stream that we expect to be more stable than vacation rental income, although there is no certainty about how it will evolve.

Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.

Performance of similar apartments

Profitable properties, similar to this one that are generating profits to their investors

Room at €300 per month

Worse location. Apartment not updated

Room at €280 per month

Similar apartment

City

Alicante

Neighborhood

Carolinas Bajas

Antiquity

1963

Property registry number

0084706YH2408C0003JQ

Type of property

Coliving

Type of investment

Residential

Square meter

95

Number of rooms

4

Number of bathrooms

2

Manager

Brickstarter

Promoter

Brickstarter

Location

Very well located near the Historic Center and the beach

restaurant area and points of interest.

Good public transport connections

with the university.

Residential neighborhood with its own services

2 hospitals, free parking, shopping center, etc..

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