The project Immeuble Evermind by Bricks

Review of the project Immeuble Evermind by Bricks

Review's score :

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 10

Criteria	Points
mortgage coverage	🟩🟩🟩🟩🟩
optimistic scenario margin	∅
pre-commercialization	∅
track record	🟩
location	∅
in the vicinity	🟩
yield	🟩
LTA	∅
LTS	∅
operator commitment	∅
sales price	🟩🟩
permanent loss	∅
late projects	∅
price trend	∅
urban planning risk	∅
debt to equity	∅
debt to asset	∅

This review is proposed by Grégory Vaur on 08/05/2024

⏰ The project starts on 10/05/2024 12h30
💰 The estimated rate of return is 10% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 10€

🤖 Review's summary

Analysis of Evermind Building Project by Bricks

Project Overview

The Evermind Building project analyzed by Grégory Vaur is a simple buy-and-sell project with decent guarantees, a good location near the Swiss border, fair acquisition and selling prices. However, the margin in case of a price decrease is low, and there hasn't been any pre-commercialization yet.

Project Details

Type of Project: Purchase - resale without renovation

Amount to be financed: 596,000 EUR

Repayment: In fine for capital, 1 month for interest

Description

Acquisition of a building with 3 apartments, an atelier, a cellar, a boiler room, and additional buildable land, aiming to resell the building as-is.

Location

Located in Collonges-sous-Salève, a town near Annemasse and Geneva.

Highlights

Rental yield: 10%
First rank mortgage covering 86% of acquisition price
Close proximity to amenities
Reasonable acquisition price
Optimistic margin of 11%

Concerns

Low margin in pessimistic scenario
Decrease in apartment prices over the last year
No pre-commercialization
High Loan to Acquisition ratio

Conclusion

The Evermind Building project seems like a promising venture with its strong rental yield, good location, and overall positive metrics. While there are some concerns to address, the potential for a decent return on investment is evident. With the assurance of a solid mortgage and the potential growth in property value, this project could be a lucrative opportunity for investors. So, if you’re looking for a solid investment with exciting potential, consider joining the Evermind project with the bonus code MARMEG30!

Invest wisely and keep building your success brick by brick!

Remember: The sky's the limit when you invest with optimism and a sprinkle of daring!

Historial rates of return Bricks

Investor votes results for the project: Immeuble Evermind

53 voters
👎45% 👍13% 🤷8% 🏳️34%
To vote :

Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...