Calle Lucena 39, Castellón de la Plana
Funded
Total
250 Inversores
Under Management
Funded
Total
250 Inversores
Under Management
Operation Total:
Mortgage:
Total to finance:
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, if achieved, could improve the estimated IRR, with no guarantee.
Estimated IRR of 11.35%, which is not guaranteed and depends, among other factors, on when the property is sold.
The conversion from commercial to residential use can increase 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 move-in-ready 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, with the aim of achieving rapid turnover of the invested capital, although this does not guarantee any return.
Converting commercial spaces into residential units is a strategy that seeks to leverage market trends, such as urban growth and the demand for affordable housing.
The target price of €98,124.55, including renovations and furniture, is competitive according to our estimates and could provide a market advantage.
Thanks to low initial costs and income potential, the project has an estimated IRR of 11.35%, with no guarantee that it will be achieved.
Studios may appreciate in urban areas, which could provide returns in rentals and asset value growth, without any guarantee.
Each studio is estimated to generate €9,900 annually in rental income.
From students to expatriates, these studios appeal to a diverse audience, which could support constant demand, although this is not guaranteed.
Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.
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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
Area with potential demand from both professionals and patients.
Right in the commercial center, with restaurants and supermarkets nearby.
The city's main park and green lung.
Soon you will receive an email to confirm your Brickstarter account.
We hope to see you soon!