The project MDB LABBE Saint Paul by Pretup

Review of the project MDB LABBE Saint Paul by Pretup

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 24

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 19/06/2024

⏰ The project starts on 19/06/2024 17h00
💰 The estimated rate of return is 10.5% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 20€

🤖 Review's summary

Project Analysis of MDB LABBE Saint Paul at Pretup by Grégory Vaur

The project is scheduled to take place on 2024-06-19 at 17:00:00.

Overall review: Good guarantees, consistent exit price, high margin even in case of discount, renovation work representing 11% of the cost price, operator with little experience (first operation), and no pre-commercialization.

Description

It involves the acquisition of a 3-room apartment with an area of 62m² and 2 terraces of 8 and 12 m² located in Saint-Paul (La Réunion), in the Saint-Gilles Les Hauts district. The goal is to carry out renovation work and then resell the apartment.

Location

Saint-Paul is a city with 106,000 inhabitants located 18 km from Le Port and 22 km from Saint-Leu. The apartment is about 7 km from the city center of Saint-Paul.

Positives

High Yield: 10.5%, which is above the average yield of the latest projects at Pretup.
First-Rank Mortgage with 126% coverage – very high.
Proximity to essential amenities.
Realistic exit price close to the average and increasing property prices.
High margins in both optimistic and pessimistic scenarios.
Good condition of the property post-renovation with renovation works representing 11% of the cost price.
Low Loan to Acquisition and Sale ratios.
Operator's engagement is high at 40%.

Concerns

Operator's lack of experience in property trading.
Lack of pre-commercialization.

Platform Quality

Low percentage of delays over 6 months at Pretup.

Overall Opinion

This project seems quite promising with its high yield, strong guarantees, and realistic exit price. Despite some concerns regarding the operator's inexperience and lack of pre-commercialization, the project's high margins and low financing ratios make it an attractive investment opportunity. With property prices on the rise, good condition post-renovation, and minimal urbanism risks, this project presents a favorable outlook for investors looking for profitable opportunities in the real estate sector. Don't miss out on this chance to earn solid returns while contributing to the development of Saint Paul!

Remember, sign up using the referral code: HP42TCDQ to receive a bonus of 15€ for every 200€ invested. Join the investment platform Pretup now!

Historial rates of return Pretup

Investor votes results for the project: MDB LABBE Saint Paul

36 voters
👎31% 👍17% 🤷11% 🏳️42%
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...