Elda

Calle Elda 3, alicante

Funded

115.742 € (100%)

Total

115.742 €

83 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 €

83 Inversores

Under Management

Funded

115.742 € (100%)

Total

115.742,11 €

83 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?

High IRR = 10.49%

Fewer management and acquisition cost

High monthly income = 5.82%

High revenue inflow all year long. No affected by tourism seasonality

Very high demand for this kind of properties

We already have some potential guests

Information about the apartment

We are delighted to present our first mid-term rental property. (This is not a vacation rental property)

Investing in this property will let us diversify our portfolio, reducing the investment risks deployed by the pandemic. This kind of investment has several important benefits that will complement the benefits we get from investing on vacation rental properties.

If you want to read more about the reasons why we think it is a good idea to complement our portfolio with this kind of property you can check our blog here.

It´s been hard, and although there is a huge market niche, for this first opportunity we wanted to play safe investing in a city where we know there is a huge demand for this kind of property: Alicante.

Regarding this opportunity, besides its good location and distribution, we must highlight its acquisition price as one of its main characteristics, as we are buying this property at 694 €/m2 (27% below its market price).

Having 4 bedrooms and 2 bathrooms will let us maximize profits by renting the apartment as a coliving.

We know there is a high demand for this kind of property as we´ve been running San Leandro (very close to Elda) renting its bedrooms to "colivers" for a few months now, getting excellent results.

Investing in this apartment will get us a high yield with stable income while not being exposed to the pandemic.

Performance of similar apartments

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

Rented for 300 eur per month

Worse location. Old apartment

Rented for 280 eur 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 City Center and the beach

with restaurants, shopping centers, etc..

Well connected with public services

to University, San Juan Beach, etc...

Residential neighbourhood

with 2 hospitals, free parking, malls, etc..

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