Calle Carmen

calle carmen 14, alicante

Funded

168.998 € (100%)

Total

168.998 €

328 Investors

Under Management

Operation Total:

168.998,20 €

Mortgage:

0,00 €

Total to finance:

168.998,20 €

Internal Rate of Return (IRR):

10,22 %

Gross Rent Return

11,20 %

Net Rent Return

5,08 %

Cash on Cash

5,97 %

Return on Equity (ROE)

5,08 %
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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Calle Carmen

calle carmen 14, alicante

Funded

168.998 € (100%)

Total

168.998,20 €

328 Inversores

Under Management

Funded

168.998 € (100%)

Total

168.998,20 €

328 Inversores

Under Management

Operation Total:

168.998,20 €

Mortgage:

0,00 €

Total to finance:

168.998,20 €

Internal Rate of Return (IRR):

10,22 %

Gross Rent Return

11,20 %

Net Rent Return

5,08 %

Cash on Cash

5,97 %

Return on Equity (ROE)

5,08 %
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?

Acquired 15% below market price

Allows income flow from the start.

High profitability IRR = 10.22% per year

All expenses have been discounted.

Apartment already in operation

Less uncertainty regarding the income it generates.

Information about the apartment

We return with a new opportunity to Alicante, a city that we love, for its high profitability and low seasonality (Our first apartment “Calle Mayor” is currently one of our most profitable properties).

The Costa Blanca is the tourist area of the country where a great number of Spaniards concentrate in the month of August 2019, with 336,418 travelers and almost 1.3 million overnight stays.

For this reason, we launched this opportunity in the historic center of Alicante which, as we know, is the largest district of demand for tourists since it is the one that houses the main monuments and points of interest of the city. In addition, the property is located just 400 meters from the beach.

It is a property that is already functioning as a tourist apartment and generating a high profitability for rent. The building is in perfect condition, it was built in 2009, it has an elevator and a small reception with vending machines for guests. The entire building is dedicated to the holiday.

The distribution is very good as it has two double bedrooms, a bathroom in the common area and an integrated kitchen in the living room. It is a very bright apartment since it has six balconies facing the street. It is in perfect condition to accommodate up to 6 guests, and thus maximize its profitability.

Performance of similar apartments

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

Revenue 2018 (approx.): 18,843 euros

Smaller apartment with similar characteristics

Revenue 2018 (approx.): 18,843 euros

Smaller apartment with similar characteristics

City

Alicante

Neighborhood

Santa Cruz

Property registry number

0174507YH2407C0005MQ

Type of property

Vacation Rental Property

Type of investment

Vacation Rental Property

Square meter

73

Number of rooms

2

Number of bathrooms

1

Elevator

Yes

Manager

Brickstarter

Promoter

Brickstarter

Location

In the "Barrio Santacruz"

A few meters from the City Hall, the Cathedral, and the beach the most demanded neighborhood by tourists.

"Casco Antiguo"

Surrounded by bars and restaurants.

Surrounded by bars and restaurants.

Just 400 meters from the beach.

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