With Only R$ 1,000, It Is Possible to Invest in Real Estate Funds and Start Receiving Monthly Dividends. But Do All Funds Yield the Same? A Direct Simulation Between Two of the Most Popular REITs in the Market — MXRF11 and VGIR11 — Shows an Important Difference in Results.
At a time when real estate funds are attracting small investors again, understanding how returns work in practice can help make better decisions.
Two of the most popular funds among beginners, MXRF11 and VGIR11, have similar characteristics — low pricing, high liquidity, and monthly dividend payments.
But a simple simulation shows how results can be very different even with the same invested amount.
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Practical Return with R$ 1,000 in MXRF11
Starting with the fund MXRF11: if an investor were to invest R$ 1,000 considering the share price, which is R$ 9.30, they would be able to acquire 107 shares.
With an annual Dividend Yield (DY) of 12.32%, this would generate a yield of R$ 122.60 over 12 months.
This return is based on the monthly dividend payments proportional to the share value and the number acquired.
MXRF11 has been one of the most sought-after paper funds in the stock market, maintaining a constant profitability and offering accessibility — after all, with less than R$ 10, it’s possible to buy a share.
However, when placed side by side with a direct competitor, such as VGIR11, the result changes.
What If the Same R$ 1,000 Were Invested in VGIR11?
In this same scenario, if the investor had placed their R$ 1,000 in the VGIR11 fund, with a price of R$ 9.51, they would be able to buy 105 shares.
The number of shares is slightly lower, but the reported annual DY is higher: 13.69%. This ensures a greater yield at the end of the year.
In the simulation, the dividends received from this investment would be R$ 136.70 — an amount that exceeds the gains obtained with MXRF11 by more than R$ 14, even with fewer shares.
The explanation lies in the higher yield percentage of VGIR11. In other words, although seemingly similar, this fund would pay more for the same amount invested.
Direct Comparison: More Shares Do Not Always Mean More Profit
This exercise shows that the number of shares acquired is not the only relevant factor. What really matters for the investor is how much return each share delivers over time.
VGIR11, even with fewer shares and a slightly higher unit price, stood out in the final result due to the higher DY.
The difference of R$ 14.10 in a year may seem small, but in a larger portfolio or in the long run, this additional yield makes a difference — especially for those who reinvest dividends monthly and take advantage of the power of compound interest.
With both funds operating at accessible values and consistent monthly payments, the choice between MXRF11 and VGIR11 may depend on more than just the annual yield. But based on the simulation of R$ 1,000, VGIR11 comes out ahead.

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