Ático Abad

Calle Abad Nájera 9, alicante

Funded

148.031 € (100%)

Total

148.031 €

176 Investors

Sold

Operation Total:

148.031,02 €

Mortgage:

0,00 €

Total to finance:

148.031,02 €

Internal Rate of Return (IRR):

9,59 %

Gross Rent Return

11,88 %

Net Rent Return

5,33 %

Cash on Cash

6,27 %

Return on Equity (ROE)

5,33 %
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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Ático Abad

Calle Abad Nájera 9, alicante

Funded

148.031 € (100%)

Total

148.031,02 €

176 Inversores

Sold

Funded

148.031 € (100%)

Total

148.031,02 €

176 Inversores

Sold

Operation Total:

148.031,02 €

Mortgage:

0,00 €

Total to finance:

148.031,02 €

Internal Rate of Return (IRR):

9,59 %

Gross Rent Return

11,88 %

Net Rent Return

5,33 %

Cash on Cash

6,27 %

Return on Equity (ROE)

5,33 %
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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Project summary

Why invest in this apartment?

High IRR of 9.59%

investing in real estate in Alicante

High cash on cash rate of 6.27%

gain interest on a monthly basis

20% below average price

we will flip it asap

Information about the apartment

We are back with this new investment opportunity in Alicante. This a new penthouse with a huge private terrace with fantastic views to the Santa Bárbara Castle, that our guest will love.

This will be probably one of our busiest properties in Alicante due to its location, typology, and views. The apartment has two private terraces (one is huge, more than 30 square meters) overlooking the Santa Barbara Castle.

The property may remind us of our opportunity "San Isidro Penthouse", but the difference is that it has two private terraces and it is closer to the beach. The property we are concerned about is a loft with a living room, kitchen, bedroom, bathroom, and two private terraces: the first is at floor level, and the second is on the roof of the building. Ideally located in the historical center, close to the main point of interest the city and only a few meters from “El Postiguet” beach.

Although it is very close to many restaurants and bars, the apartment is located on a quiet street. 

The apartment is currently holding a vacation rental license.


Performance of similar apartments

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

Worse location and no views to the Castle

Revenues (aprox): 25697 eur

No views to the Castle

Revenues (aprox): 25348 eur

City

Alicante

Neighborhood

Sant Cruz

Antiquity

1998

Property registry number

0174308YH2407C0005QO

Type of property

Vacation Rental Property

Type of investment

Vacation Rental Property

Square meter

51

Number of rooms

1

Number of bathrooms

1

Manager

Brickstarter

Promoter

Brickstarter

Location

Expectacular attic with views

to the Santa Barbara Castle

Casco Antiguo

best ratios district for vacation rental properties

Close to the best city spots

within walking distance

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Incidencias

  • 19/01/24 A levy has been approved for the improvement of the facade with the aim of obtaining the Technical Building Inspection (ITE). Our property must pay 4,241 euros. This renovation will increase the value of the property. Brickstarter will advance the money. Attached is the minutes.

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