Jijona

AV JIJONA 22 4 1-Alicante

Funded

124.934 € (100%)

Total

124.934 €

234 Investors

Under Management

Operation Total:

124.934,02 €

Mortgage:

0,00 €

Total to finance:

124.934,02 €

Internal Rate of Return (IRR):

12,84 %

Gross Rent Return

12,01 %

Net Rent Return

6,65 %

Cash on Cash

8,87 %

Return on Equity (ROE)

6,65 %
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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Jijona

AV JIJONA 22 4 1-Alicante

Funded

124.934 € (100%)

Total

124.934,02 €

234 Inversores

Under Management

Funded

124.934 € (100%)

Total

124.934,02 €

234 Inversores

Under Management

Operation Total:

124.934,02 €

Mortgage:

0,00 €

Total to finance:

124.934,02 €

Internal Rate of Return (IRR):

12,84 %

Gross Rent Return

12,01 %

Net Rent Return

6,65 %

Cash on Cash

8,87 %

Return on Equity (ROE)

6,65 %
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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Project summary

Why invest in this apartment?

High IRR = 12.84%

We´ll we able to marimize our yield.

Perfect for colivers

with 5 rooms and 2 bathrooms

High monthly IRR = 6.65%

Great demand for these apartments

Information about the apartment

Once again, at Brickstarter we bring an opportunity focused on renting rooms in a "coliving" space (also known as a non-holiday property).

It is a property located in the beautiful Campoamor neighborhood, located 10 minutes away from the city center. A remodeling project will be carried out so it will have 5 bedrooms and 2 bathrooms (ideal to get the most out of it), a small living room that will serve as a common area, and a fully equipped kitchen.

This property is located very close to our opportunities in Mercado Central, Elda and Cronista Viravens, so we know the details of the area well and its enormous potential. Due to its proximity to the city center (less than 10 minutes on foot), the zone always has a high demand for renting spaces. Additionally, it is surrounded by schools, parks, supermarkets, and leisure areas, making it ideal for living.

In addition to its perfect condition, its location, and its layout, we can highlight the current acquisition price, as one of its essentials, since we bought the property for a price of €835/m2, (43 below its market price).

Its perfect layout will allow us to maximize profitability by renting it by rooms thanks to its 5 bedrooms. It is the apartment with the most rooms that we have ever acquired, so it is ideal for the "coliving" type rental, highly demanded in this area of Alicante.

Buying the property at such a competitive price will allow us to obtain a very high profit, with a stable income flow and will help the property become independent of seasonal tourism.



Performance of similar apartments

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350 euros monthly

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250 euros montly

Unrenovated. Old design

City

Alicante

Neighborhood

Campoamor

Antiquity

1963

Property registry number

9882416YH1498D0005ZD

Type of property

Coliving

Type of investment

Residential

Square meter

76

Number of rooms

5

Number of bathrooms

2

Manager

Brickstarter

Promoter

Brickstarter

Location

Close to the historic center

Less than 10 minutes walking

Good conexion with public transport

Near university, beach, etc

Residential area, perfect for living

Hospital, school, leisure areas, etc

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