Calle Lucena 39, Castellón de la Plana
Funded
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0 Inversores
In study
Funded
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0 Inversores
In study
Operation Total:
Mortgage:
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Internal Rate of Return (IRR):
Gross Rent Return
Net Rent Return
Cash on Cash
Return on Equity (ROE)
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.
If you invest:
The minimum investment amount is {{ limiteInversion }} €
You earn:
In total for the {{ rentabilidadAcumulada }}% Accumulated Net Profit.
The objective is to sell the property as soon as possible, which will result in an IRR higher than initially estimated.
Estimated IRR of 11,35%, although it will skyrocket if we sell the property in less than a year.
The conversion from commercial to residential use significantly increases the property's value.
We are pleased to introduce the second of our five planned flipping investment opportunities: Project Lucena.
You can learn more about our flipping approach here, and explore the details of Project Lucena here.
The project focuses on acquiring two adjacent commercial spaces to transform them into five fully independent studios, each with its own cadastral reference.
We will add value through renovations, change of use, and horizontal division. Additionally, the studios will be equipped with modern furniture to provide a ready-to-live product.
The objective is to create an innovative product: completely renovated studios, with capacity for two people, in a strategic location and at a competitive price, designed to maximise returns through rapid turnover of invested capital, which will attract different types of investors.
Converting commercial spaces into residential units is a solid strategy that leverages key market trends, such as urban growth and the high demand for affordable housing.
The target price of €98.124.55, including renovations and furniture, is competitive and ensures a market advantage.
Thanks to low initial costs and income potential, the project offers an IRR of 11,35%.
Studios tend to appreciate quickly in urban areas, offering solid returns in rentals and asset value growth.
Each studio is estimated to generate €9.900 annually in rental income.
From students to expatriates, these studios appeal to a diverse audience, ensuring constant demand.
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City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Antiquity
1998
Property registry number
2004930YK5320S0007WF
Type of property
Flipping
Type of investment
Residential
Square meter
65
Number of rooms
2
Number of bathrooms
2
Manager
Brickstarter 004
Promoter
Brickstarter
High demand not only from professionals, but also from patients.
Right in the commercial center, with restaurants and supermarkets nearby.
Main city park
Soon you will receive an email to confirm your Brickstarter account.
We hope to see you soon!