Example 1
Investment parameters
Housing located in Fray Pedro Vives 36, in the Morvedre neighborhood.
The house was originally, with 3 bedrooms and a bathroom, and with great potential due to the luminosity (7th floor) as well as its distribution, totally square.
The reform consisted of optimizing the house to the maximum, providing it with 4 double bedrooms, 2 full bathrooms, and a bright kitchen-living room, which allows for high profitability.
| Purchase price | 102.000€ |
|---|---|
| ITP (10%) | 11.000€ |
| Real estate commission (3%) | 3.300€ |
| Management Project | 3.000€ |
| Reform | 27.500€ |
| Furniture | 3.100€ |
| Total investment | 149.900€ |
| management room | owner management | |
|---|---|---|
| potential income | 1480€ €370/room | 1480€ €370/room |
| Fixed Expense (community) | ± 25 € | ± 25 € |
| variable expense (maintenance) | ± 35 € | ± 35 € |
| GR Fees | 444€ 30% | 0€ |
| Net Profitability (100% occupancy) | 7,8% | 11.3% |
Example 2
Investment parameters
Housing located in Explorador Andrés 36, in Blasco Ibañez
The house was to be completely updated, and had rooms and a bathroom. It had a large balcony and is on the corner, which allows many possibilities in its distribution.
We designed the reform to be able to provide the property with 5 rooms, 4 of them doubles and one single, giving two of them access to the balcony, and two full bathrooms.
| Purchase price | 135.000€ |
|---|---|
| ITP (10%) | 13.500€ |
| Real estate commission (3%) | 4.050€ |
| Management Project | 3.000€ |
| Reform | 31.500€ |
| Furniture | 4.300€ |
| Total investment | 191.350€ |
| management room | owner management | |
|---|---|---|
| potential income | 1750€ €350/room | 1750€ €350/room |
| Fixed Expense (community) | ± 25 € | ± 25 € |
| variable expense (maintenance) | ± 35 € | ± 35 € |
| GR Fees | 525€ 30% | 0€ |
| Net Profitability (100% occupancy) | 7,3% | 10.5% |