Estimated Return
This project offers an estimated internal rate of return (IRR) of 11.36%.
Under Management
Ribelles Comíns - Estudio D
Castellón de la Plana
Funded
84.171 € (100%)
Total
84.171 €
238 investors
Under Management
Total operation amount
84.171,20 €
Mortgage
0,00 €
Total to fund
84.171,20 €
Internal Rate of Return (IRR)
11,36 %
Gross rental yield
10,69 %
Net rental yield
4,88 %
Cash on Cash
6,51 %
Financial return (ROE)
4,88 %
Investing in this product involves the risk of losing some or all of the capital invested. Past or estimated returns do not guarantee future returns.
Total operation: Total investment in the project.
Mortgage: Bank financing that will be requested to carry out the project.
Total to fund: Funding requested from investors.
IRR: Return offered by the investment.
Gross rental yield: Total annual rental income from the property divided by the total cost of the operation.
Net rental yield: Investor rental return (after deducting all project costs) relative to the total operation.
Cash on Cash: Income obtained by the shareholder relative to their investment.
ROE: Net financial return for the shareholder.
Renovation / works
49.000 €
Estimated term
4 years
Why invest in this apartment?
Value Added Through Change of Use
Change of use may increase the value of the project by creating housing with demand.
Estimated sale price for the investment
It is an option as a final investment intended to generate additional income.
Apartment information
Project Details and Location
The Ribelles Comín Project is presented as a strategic transformation in the real estate market of Castellón de la Plana. This project includes the conversion of a commercial space into four independent studios, fully equipped with a bedroom, bathroom, and kitchen, offering a turnkey product for the final buyer.
- Address: Cl. Ribelles Comín, Castelló de la Plana
- Building Construction Year: 2008
- Approximate Size per Studio: 44m²
- Acquisition Price: €84,171.20
- Estimated Sale Price per Studio: €96,796.88
- Estimated Annual Rental Income: €9,000.00
Strategic Location One of the main strengths of this project is its location in Castellón de la Plana, a city with economic activity and an active real estate market. The property is situated in a central area, surrounded by essential services such as supermarkets, pharmacies, schools, and leisure areas, increasing its appeal for both tenants and investors.
- Dia Supermarket: 2 minutes (170 meters)
- Domingo S.C.P Pharmacy: 3 minutes (200 meters)
- Gym: 5 minutes (400 meters)
- Mercadona Supermarket: 7 minutes (550 meters)
- Pavelló Poliesportiu Ciutat de Castelló: 11 minutes (750 meters)
- La Salera Shopping Center: 18 minutes (1,200 meters)
- Estepark Shopping Centre: 19 minutes (1,400 meters)
The area's connectivity is another key highlight. The property has access to multiple public transportation lines and is well connected to the city's main roads, facilitating residents' mobility. Additionally, its proximity to green spaces, such as Ribalta Park, and local attractions, such as the historic center and the Teatro Principal, makes it an attractive location for both final buyers and potential tenants.
The price per square meter and the demand for modern residential units in the area are factors that, according to our analysis, could support the Ribelles Comín Project.
Technical specifications
City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Year built
2008
Cadastral reference
1896701YK5219N0078BH
Property type
Flipping
Investment type
Residential
Square meters
52
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter 004
Developer
Brickstarter
High demand for studios
Functional properties adapted to current demands
Residential demand
The strategic location, close to essential services and public transport, increases its appeal to buyers and tenants
Location
Very close to Castellón's main avenue and close to major shopping centers