Espronceda

Calle Espronceda, 81 - Elche

Funded

102.867 € (100%)

Total

102.867 €

242 Investors

Under Management

Operation Total:

102.866,51 €

Mortgage:

0,00 €

Total to finance:

102.866,51 €

Internal Rate of Return (IRR):

12,45 %

Gross Rent Return

11,67 %

Net Rent Return

6,13 %

Cash on Cash

8,17 %

Return on Equity (ROE)

6,13 %
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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Espronceda

Calle Espronceda, 81 - Elche

Funded

102.867 € (100%)

Total

102.866,51 €

242 Inversores

Under Management

Funded

102.867 € (100%)

Total

102.866,51 €

242 Inversores

Under Management

Operation Total:

102.866,51 €

Mortgage:

0,00 €

Total to finance:

102.866,51 €

Internal Rate of Return (IRR):

12,45 %

Gross Rent Return

11,67 %

Net Rent Return

6,13 %

Cash on Cash

8,17 %

Return on Equity (ROE)

6,13 %
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 = 12.45%

one of the highest forecast yield

Perfect for coliving

it will have 5 bedrooms and 2 complete bathrooms

High rental yield = 6.13%

High demand on Elche for this kind of properties

Information about the apartment

We are very excited to present you our first investment opportunity in Elche, a fantastic location as we informed you in our blog a few days ago.

As you know, these kinds of properties are in high demand and unfortunately, it is getting harder and harder to get these opportunities that offer high-yield returns. This is why we should move fast before they are all gone. We are negotiating high discounts now that the year-end is coming.

We´ve been searching Elche for the last few months and we are very happy to present you with this opportunity for coliving that we are buying from a bank with a large discount (it took us months to negotiate)

The property is in very good condition, and it has a perfect location and distribution. As mentioned, we must highlight its acquisition price, as one of its essential characteristics, since we are acquiring this property at an average price of 450 euros per square meter. (42% below its market price).

The property has a rectangular shape that will allow us to make the most of it by reforming it to obtain five rooms (all with natural light) and two complete bathrooms. Fantastic location within a 10-minute walk to CEU University, “El Corte Inglés” mall, and two hospitals.

Acquiring the property at such a competitive price will allow us to obtain very high profitability, with a stable and constant flow of income over time.


Performance of similar apartments

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

Old apartment. Similar location

Rent 300 eur per month

Similar property

Rent 250 eur per month

City

Elche

Neighborhood

Plaza Crevillente-Juzgados

Antiquity

2016

Property registry number

0873032YH0307D0010LF

Type of property

Coliving

Type of investment

Residential

Square meter

100

Number of rooms

5

Number of bathrooms

2

Manager

Brickstarter

Promoter

Brickstarter

Location

The location is unbeatable

most demanded neighborhood in Elche

A 6 minute walk to University

perfect also for students

A 10 minute walk to two hospital and shopping mall

24h pharmacy within 3 minutes walk

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