Pasaje San Fernando

Pasaje San Fernando 1 3-Alicante

Funded

117.234 € (100%)

Total

117.234 €

266 Investors

Sold

Operation Total:

117.233,56 €

Mortgage:

0,00 €

Total to finance:

117.233,56 €

Internal Rate of Return (IRR):

11,53 %

Gross Rent Return

11,46 %

Net Rent Return

6,31 %

Cash on Cash

8,42 %

Return on Equity (ROE)

6,31 %
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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Pasaje San Fernando

Pasaje San Fernando 1 3-Alicante

Funded

117.234 € (100%)

Total

117.233,56 €

266 Inversores

Sold

Funded

117.234 € (100%)

Total

117.233,56 €

266 Inversores

Sold

Operation Total:

117.233,56 €

Mortgage:

0,00 €

Total to finance:

117.233,56 €

Internal Rate of Return (IRR):

11,53 %

Gross Rent Return

11,46 %

Net Rent Return

6,31 %

Cash on Cash

8,42 %

Return on Equity (ROE)

6,31 %
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 monthly income = 6.31%

High revenue inflow all year long. No affected by tourism seasonality

Very high demand for this kind of properties

Surrounded by services, leasure places, perfect to live.

High IRR = 11.53%

Fewer management and acquisition cost

Information about the apartment

At Brickstarter, we are proud to present a new opportunity which focuses on renting rooms in a "coliving" space (non-holiday property).

The property is located in the Campoamor neighborhood, a 10-minute walking distance from the city center. After a small remodeling, it will have 4 bedrooms and 2 bathrooms (ideal to get the best possible return), a spacious and bright living room, and a fully equipped kitchen.

Furthermore, this property is located just 4 minutes from two other great investing opportunities, both in the same building, on San Leandro Street, so we know the area and the enormous potential it has, since it is surrounded by schools, parks, supermarkets and leisure areas, making it an ideal place 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 €71,000, (19.23% below its market price).

All this factors, combined with its outstanding layout, will allow us to maximize profitability by renting to different people, room by room, optimizing the profits of its 4 bedrooms.

We are aware of the high demand for this type of accommodation in this city, and more importantly, how location matters in this business. We have no doubt that this property will work just as well as our opportunities on San Leandro Street.

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 370 eur per month

5-minutes walking from our apartment. Far from the city centre.

Rented for 300 eur per month

Worse location, far from the city centre

City

Alicante

Neighborhood

San Fernando

Antiquity

1965

Property registry number

9681808YH1498B0008YZ

Type of property

Coliving

Type of investment

Residential

Square meter

70

Number of rooms

4

Number of bathrooms

2

Manager

Brickstarter

Promoter

Brickstarter

Location

Well connected with public services

to university, the beach and the main points of interest.

Literally 7-minutes walk to the city centre

with restaurants, shopping centers, etc.

Residential neighbourhood

with its own services such as hospitals, schools, etc.

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