Just

Dr. Just 42. Alicante

Funded

127.988 € (100%)

Total

127.988 €

510 Investors

Under Management

Operation Total:

127.987,50 €

Mortgage:

0,00 €

Total to finance:

127.987,50 €

Internal Rate of Return (IRR):

11,61 %

Gross Rent Return

10,13 %

Net Rent Return

5,41 %

Cash on Cash

7,22 %

Return on Equity (ROE)

5,41 %
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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Just

Dr. Just 42. Alicante

Funded

127.988 € (100%)

Total

127.987,50 €

510 Inversores

Under Management

Funded

127.988 € (100%)

Total

127.987,50 €

510 Inversores

Under Management

Operation Total:

127.987,50 €

Mortgage:

0,00 €

Total to finance:

127.987,50 €

Internal Rate of Return (IRR):

11,61 %

Gross Rent Return

10,13 %

Net Rent Return

5,41 %

Cash on Cash

7,22 %

Return on Equity (ROE)

5,41 %
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 profitability (IRR=11.62%)

due to a lower cost of management and acquisition

high monthly profitability = 5.41%

is not subject to the variability of tourism

perfect area to reside

One of the best neighbourhoods in Alicante

Information about the apartment

We are presenting a new opportunity focused on renting rooms or "coliving", a category that is giving us extremely good results.

It is a property located in the Benalúa, a central neighborhood in the city of Alicante. Benalúa is probably the best residential neighborhood in Alicante. It is our first investment here, since our last opportunities were in Campoamor and Carolinas Bajas, areas where the price per square meter is lower.

It has been difficult to find a good opportunity in this part of the city, but we are convinced that this property will work out extraordinarily well.

Once again, we are going to carry out a comprehensive remodeling project on the property to obtain maximum profitability, adding an extra bathroom and additional details.

As we mentioned before, Benalúa is probably the best residential neighborhood in the city of Alicante, located close to the Historic Center and Postiguet Beach, as well as the city's commercial center, in an area surrounded by all types of facilities including schools, parks, supermarkets, and leisure areas.

One of the most special characteristics of the apartment is its purchase price. We acquired it for the low price of €928/m2. It should be noted that, in the area where it is located, the market price exceeds 1,900 euros per m2. Including all the acquisition costs, taxes, the apartment renovation, all the furniture, etc... we are acquiring this property with a 15% market price discount.

Its good layout and condition will allow us to maximize profitability by renting it by rooms. Its 5 bedrooms make it an ideal apartment for "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

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

Rented for 350 eur per month in no time

Similar apartment

Rented for 350 eur per month

Worse location, far from the city centre

City

Alicante

Neighborhood

Benalúa

Antiquity

1966

Property registry number

8867209YH1486H0007DD

Type of property

Coliving

Type of investment

Residential

Square meter

77

Number of rooms

5

Number of bathrooms

2

Manager

Brickstarter

Promoter

Brickstarter

Location

Located next to the city centre

but with the peace of mind of not being in the center.

Good public transport services

connected with other parts of the city

Proximity to a lot of services

Such as hospitals, schools, etc.

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